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BBI offers £15m facility to Catfoss Finance  

British Business Investments, a unit of the British Business Bank, has extended a £15m finance facility to Catfoss Finance. With the transaction set up as a block discounting agreement, Catfoss will be able to support smaller companies seeking to grow faster by supporting the acquisition of vital assets. Based in Driffield, East Yorkshire, Catfoss has been catering to the UK small and medium-sized enterprises (SMEs) since being set up in 2001.

Source: Pharmaceutical Technology

Praetura backs SDI Displays in multi-million refinance deal

UK-based manufacturer SDI Displays has completed a multi-million pound refinance, supported by Praetura Commercial Finance, providing a significant boost for the company’s expansion plans. Headquartered in Loughborough, SDI Displays specialises in servicing the retail and hospitality sectors through the manufacturing and installation of various visual designs in shops, restaurants, and cafes. 

Source: Pharmaceutical Technology

SC Ventures invests in Sharia-compliant Algbra  

SC Ventures, the fintech investment and ventures arm of Standard Chartered, has made a strategic investment in Algbra. Algbra is a UK-based fintech company that adheres to ethical finance principles and is Sharia-compliant. While the terms of the investment remain undisclosed, SkyNews reported that the figure is believed to be at least $10m (£8m). Algbra is the first sharia-compliant fintech to gain FCA eMoney authorisation.

Source: Pharmaceutical Technology

Arbuthnot Commercial ABL supports Welsh brewery’s MBO 

Arbuthnot Commercial Asset Based Lending has supported the majority Management Buyout (MBO) of Salopian Brewing Company Ltd (Salopian Brewery) by providing a seven-figure funding package. The structured facilities from ACABL include a receivables finance facility, a property term loan and a cashflow loan. Salopian Brewery, originally founded as Snowdonia Brewery in 1994 by Martin Barry at his pub in North Wales, relocated to Shrewsbury in 1995..

Source: Pharmaceutical Technology