Attract Capital, LLC an expert in mezzanine finance is expanding its business to the United Kingdom. The firm was originally founded in New York in 2000 to help middle market companies with mezzanine lending market. Having been successful in the United States, the firm is now expanding its market coverage to include United Kingdom.
David Barnitt the founder of Attract Capital says, “The UK market has many great up and coming companies in need of capital to get to the next level. We believe our lending platform and structuring expertise will deliver the financing these companies need.” Barnitt continues, “Mezzanine loans are both flexible and bespoke, and can be used to fund acquisitions, rapid growth or buy-outs.”
Barnitt indicates that its US-based lenders are willing to see more deal flow out of the UK. Attract Capital has already assisted Tensator Ltd, the world leader in queuing products, in UK with acquisition financing and its subsequent sale. Jeremy Williman, former owner of Tensator Ltd. states, “I have worked with Attract Capital for over 10 years. They have advised in many areas of business finance including M&A, diligence, mezzanine funding and general best practices. Throughout my affiliation with them, Attract Capital has provided exceptional service and the highest level of professional advice. David Barnitt is an exceptionally gifted adviser and delivers real value to businesses. In today’s world, capital is very hard to find. Yet, Attract Capital has delivered capital for many companies who thought it impossible to obtain.”
Attract Capital believes that its ability to source mezzanine finance will be well received by companies who are shut out of the bank loan market or find raising equity too expensive. Says Barnitt, “We have carved a strong niche in the US helping companies source flexible debt capital. We feel we can bring the same level of capital raising efficiency to UK companies.”