Lloyds adds director to acquisition finance team

Harriet Bailey
09 October 2014

Tweet
Facebook
LinkedIn
Google plus
Send to

Lloyds Bank Commercial Banking has bolstered its London-based acquisition finance team with new director Steve Carr.

Carr began working at Lloyds as a credit analyst in 2006 as part of the acquisition finance team. He was recently part of the team that provided a package of senior debt, revolving credit and acquisition facilities for ECI Partners' secondary buyout of Encore Tickets from Isis Equity Partners for around £60m.

He also worked on LDC's purchase of a 25% stake in Fever Tree for £48m in March last year, as well as Graphite Capital's management buyout of steak restaurant Hawksmoor that July.

He will focus on delivering the bank's leveraged finance offering for lower mid-market private equity transactions, supporting managing director Ian Sale.

Earlier this year, Sale spoke to unquote" about alternative lending and the ongoing requirement for banks to "accommodate the other elements, such as the day-to-day banking, revolving credit facilities, hedging and ancillary services".