Asset Advantage enters into a £50m
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Asset Advantage enters into a £50m financing facility with Commerzbank - PowerPoint PPT Presentation

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Asset Advantage Limited (“Asset Advantage”) has signed a £50m committed financing facility with Commerzbank and EIF to provide asset financing to UK SMEs.

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Asset Advantage enters into a £50m

financing facility with Commerzbank

Asset Advantage Limited (“Asset Advantage”) has signed a £50m committed financing facility

with Commerzbank and EIF to provide asset financing to UK SMEs. The innovative financing

facility is provided by Commerzbank and backed by an irrevocable first-demand guarantee from

the European Investment Fund (EIF). The facility will enable Asset Advantage to further extend

asset financing to both its existing and new customers, and provide a vital source of additional

financing to SMEs throughout the UK.

Commenting on the announcement, Jonathan Eddy, Managing Director of Asset Advantage,said: “We

are pleased to have concluded this financing facility with Commerzbank and EIF, whose

aspirations for delivering greater funding into the SME market are aligned with our own aims

and it will enable us to continue to grow our lending book by providing additional funding in the

SME market within the UK, while at the same time providing us with the benefits of economies

of scale and competitively priced funding”

Eoin Moore, Head of the UK-based Structured Asset Solutions team within the Advisory & Primary

Markets division of Commerzbank,said: “Commerzbank has a strong track record in providing

innovative financing facilities and tailored solutions to independent leasing companies in the

UK. We are delighted to partner with Asset Advantage on this financing facility, which will

enable the Company to continue its successful expansion and provide significant incremental

leasing and asset finance to SMEs in the UK”

George Passaris, Head of Securitisation of EIF,said: “We are very pleased to have participated in

this innovative and flexible financing facility for Asset Advantage. EIF’s statutory mission is the

provision of risk financing to financial intermediaries for the ultimate benefit of SMEs and we

are very keen to support entities which may not have many alternative financing options. We

believe that this facility will enable Asset Advantage to obtain competitively priced longer term

funding, which will support its expansion and in turn enhance its ability to grow its UK SME

client base.”





Asset Advantage Group is an established asset finance business providing finance leases, hire

purchase and loan products for business-critical equipment to SMEs in the UK. The group was

established in 1994, and the SME lending activities in 2007. Since then it has advanced more

than £200m of financing to UK SMEs with annual lending now in excess of £50m. In 2016, Asset

Advantage won the prestigious Leasing World award for SME Champion of the Year recognising

that it has SMEs at the centre of everything it does.




Commerzbank is a leading international commercial bank with branches and offices in more

than 50 countries. With the two business segments Private and Small Business Customers as

well as Corporate Clients, the Bank offers a comprehensive portfolio of financial services which

is precisely aligned to the clients’ needs. Commerzbank finances more than 30 per cent of

Germany’s foreign trade and is the unchallenged leader in financing for SMEs. The

Commerzbank subsidiaries Comdirect in Germany and M Bank in Poland are two of the world’s

most innovative online banks. With approximately 1,000 branches Commerzbank has one of

the densest branch networks among German private banks. In total, Commerzbank boasts

more than 16 million private customers, as well as 1 million business and corporate clients. The

Bank, which was founded in 1870, is represented at all the world’s major stock exchanges. In

2015, it generated gross revenues of almost 9.8 billion Euro with approximately 51,300





The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central

mission is to support Europe’s micro, small and medium-sized businesses (SMEs) by helping

them to access finance. EIF designs and develops venture and growth capital, guarantees and

microfinance instruments which specifically target this market segment. In this role, EIF fosters

EU objectives in support of innovation, research and development, entrepreneurship, growth,

and employment.

Press contacts:

ASSET ADVANTAGE:Zoe Newman, Zap Consult

Tel. 00 44 1252 629911, M. 00 44 7879 403622

email: [email protected]

COMMERZBANK: Victoria Jodl

Tel.: +49 69 136 51181

e-mail: [email protected]

EIF: David Yormesor

Tel.: +352 42 66 88 346

e-mail: [email protected]