Infinity partially exits Positive Cashflow Finance

The £22m funding line gives the company's directors a majority shareholding in the business and allows Infinity to realise some of its investment, while retaining an interest.

Previous funding
Infinity invested £2m in Positive in 2007 when the business launched. Infinity's investment was supported by a debt package of £25m from Lloyds TSB. The deal was originated through a prior relationship between Positive's founders and Infinity.

Company
Manchester-based Positive was founded in 2007 by David Smith and Phil Chesham, who were both previously at City Invoice Finance. The firm provides funding facilities from £10,000 to £1m to bolster working capital, fund acquisitions and accelerate growth. The company generated profits of £652,000 for 2012 on a turnover of £3.6m from its offices in Manchester, Birmingham and Basingstoke.

People
Daniel Finestein is managing partner at Infinity and he and Phil Vickers led the 2007 deal on behalf of Infinity and both joined Positive's board. David Smith is managing director at Positive, while Phil Chesham is the firm's sales and marketing director. Sean Powell is director of business development at RBSIF.

Advisers
Management – Lockett Loveday McMahon (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Financials
• Exits
• Infinity