Beringea makes debt move with Mark Taylor hire

Taylor will head up Beringea's new debt-based growth finance business, which will provide £1-5m in debt for equipment purchases or working capital. Debt can be provided in sterling, euros or US dollars over repayment periods of 36-48 months.

The new hire joins from National Australia Bank, where he was a founding director of the growth finance business for the Clydesdale Bank and Yorkshire Bank operations in the UK. Over the last 15 years, Taylor has arranged debt-based finance worth in excess of £150m for more than 60 European companies.

He was a founding partner of EVP, a venture debt business, for Dresdner Kleinwort Benson in 1998. He then went on to build and manage Noble Venture Finance, launching NVF I in 2003 and NVF II in 2007.

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