UK - AnaCap to purchase CIF for £70m

Founded in 1994, CIF provides cash flow solutions to small and medium enterprises in the UK, including invoice finance, invoice discounting, bridging finance as well as support services such as payroll. The business operates from its network of six regional centres across the UK. CIF advances against invoices worth more than £1bn a year, with facility sizes ranging from £25,000 to £4m.

AnaCap intends to build and expand the business into the SME market.

The transaction is subject to final shareholder approval and is expected to close in approximately five weeks.

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• UK / Ireland