Infinity fully exits Positive Cashflow Finance

The GP sold its shareholding to PCF's directors, returning complete ownership of the company to its team of directors.

Royal Bank of Scotland Invoice Finance (RBSIF) backed the transaction, having supported Infinity's partial exit two years prior. In May 2013, Infinity sold a 35% stake through a £22m funding line from RBSIF and NatWest, which returned majority control to management.

Infinity's share sale brings to an end nearly nine years of ownership, following a £2m early-stage investment in 2007.

Company
Founded in 2007, PCF is a provider of factoring and invoice discounting facilities to SMEs. PCF lends between £10,000-1m to support acquisitions, for growth capital and to underpin working capital.

The company is based in Manchester, with a second office in Birmingham, and employs a staff of 30.

People
Infinity – Daniel Finestein (managing partner).
Positive Cashflow Finance – David Smith (managing director); Peter Davis, Simon Cook, Phil Chesham (directors).

Advisers
Vendor – Gateley, Paul Jefferson (legal).
Equity – Shoosmiths, Suzanne Love, Rebecca Mauleverer (legal).
Company – Lockett Loveday McMahon, Paul Lockett (legal); Bermans, David Gledhill (legal).

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

• Topics
• Exits
• Financials
• UK / Ireland
• Infinity
• Royal Bank of Scotland