Cabot Square injects £25m into Henry Howard Finance

The fresh funding will allow Henry Howard to boost its direct finance provision for SMEs and to write more business using its own capital. The company will also focus on the development of its technological infrastructure and launch its online funding portal.

Cabot Square is a financial services-focused private equity firm. The GP is currently investing capital from its fourth fund, CS Capital Partners IV. Recent transactions include the sale of Key Retirement Solutions to Phoenix Equity Partners, in a deal that saw Cabot reap 5x money.

Company
Founded in 1996, Henry Howard specialises in the provision of supplier finance and SME lending. The company is headquartered in Newport and has a further office in London. The business has increased the volume of funding it offers by 20% in the last year. 

People
Richard McDougall is investment director at Cabot Square.

Advisers
Equity – Herbert Smith Freehills (Legal); Grant Thornton (Corporate finance).
Company – Deloitte (Corporate finance).

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• Topics
• UK / Ireland
• Financials
• Expansion
• United Kingdom