Amicus Commercial Finance rebrands to Investec Capital Solutions after acquisition
Amicus Commercial Finance has rebranded to Investec Capital Solutions after being acquired by Investec Bank last month.
Investec Capital Solutions, which provides capital to UK SMEs, is now part of Investec Corporate Lending.
Amicus’s property finance and asset finance divisions remain part of the Amicus Group.
Mike Francis, head of corporate lending at Investec, said: “We’re constantly looking for ways to offer more services to our clients, and invoice finance is a great opportunity.
“We’ve seen strong demand for this kind of product, so we’re excited to add it to our offering with the smart use of proven technology: we’ll be helping owner-managed SMEs to unlock their cash flow and put that money to good use, rather than worrying about lengthy payment terms.
“The experience and expertise of Amicus Commercial Finance’s management team was a key part of our decision to acquire the business and we’re pleased to say that they will remain in place to manage our commercial finance activity.
“We’re bringing in a first-class team with a great track record and a solid client base.”
John Wilde, founder of Amicus Commercial Finance, will stay on to lead Investec Capital Solutions.
He said: “Investec is an excellent fit for us: we’ve kept our focus on providing strong relationships and great service for our clients, underpinned by smart technology.”
“Our high-tech, high-touch approach, delivered through our intelligent cashflow platform was awarded the Business Moneyfacts prize for Innovation in SME Finance in 2017 and as part of Investec we plan to continue to provide flexible working capital solutions to an increasing proportion of the SME business community.”