Silicon Valley Financial institution UK, the financial institution of probably the most modern corporations and buyers within the UK and Europe, at present introduced the closing of a financing for UK listed world expertise firm Smart. Silicon Valley Financial institution UK acted as lead arranger of the syndication, with six different banks collaborating within the new £300m capital facility to help Smart’s future development plans.
The syndicated facility, which was led by Silicon Valley Financial institution UK’s Company Finance staff, has a maintain stage of £100m.
Matt Briers, Chief Monetary Officer at Smart, mentioned: “Our mission is to create cash with out borders – on the spot, handy, clear and finally free. The brand new facility led by Silicon Valley Financial institution UK will provide us versatile and environment friendly entry to working capital. This implies we are able to proceed bringing our service to as many as doable and we are able to hold investing in making our funds quicker, cheaper and extra environment friendly for our thousands and thousands of consumers around the globe.”
Thomas Easterby, Managing Director of Company Finance at Silicon Valley Financial institution UK mentioned, “We’re delighted to construct on our relationship with Smart by main and arranging this vital facility to allow the corporate’s subsequent section of development. This financing continues our long-term relationship with Smart following the pre-IPO syndicated facility final yr.”
Silicon Valley Financial institution UK’s Company Finance staff works with probably the most modern public and late-stage non-public corporations within the UK, offering a full suite of lending and banking options, in addition to steerage as an energetic and trusted companion serving to shoppers succeed and rapidly scale.
Rosh Wijayarathna, Head of Company Finance, Silicon Valley Financial institution UK added, “Supporting innovation, innovators and their buyers is in our DNA and SVB’s Company Finance staff is thrilled to rearrange this facility for Smart. We at the moment are seeing the UK create world market leaders and the UK ecosystem maturing as a world-leading innovation hub.”