PDT's corporate team is delighted to have advised the management sellers on the successful sale of the Advantedge Commercial Finance group, a specialist provider of invoice finance and factoring to small and medium sized businesses in the UK. PDT advised in relation to the MBO of Advantedge in 2016 by David Tilling, Neal Errington and Darren Cottenden, which was backed by Mobeus Equity Partners, and was pleased to help the management team again on the sale. eCapital Corp, the buyer, is a leading North American alternative finance provider providing working capital to similarly sized businesses. The management team were advised by corporate partners Noel Ruddy and Rebecca Glazebrook, assisted by Sian Webber (Corporate), Laura McMaster (Employment) and Elise Sherwell (Real Estate). Noel Ruddy, Head of Corporate said "Our experience and strength in the ABL sector together with our wealth of corporate transactional experience allowed us to work collaboratively with the Buyer's advisers to facilitate a smooth process. With the management team remaining at the helm we are confident that the business will go from strength to strength and we look forward to our continuing relationship with Advantedge." Rebecca Glazebrook, the Corporate Partner who led the PDT team, said "It was a pleasure to advise the management team on the sale. We always take a collaborative and pragmatic approach to transactions and this, along with our technical expertise, made for a successful outcome within the expected timeframe. We wish Advantedge every success on their continued journey into 2021 and beyond."
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