Growth Capital • Financial Services

Toscafund Asset Management and Perscitus Invest In Atom

On July 22, 2019, hedge fund Toscafund Asset Management and private equity firm Perscitus invested in financial services company Atom

Investment Context
  • This is Toscafund Asset Management’s 2nd and Perscitus’ 1st transaction in the Financial Services sector.
  • This is Toscafund Asset Management’s 2nd and Perscitus’ 4th transaction in the United Kingdom.

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Investment Summary

Date July 22, 2019
Target Atom
Sector Financial Services
Investor(s) Toscafund Asset Management
Perscitus
Deal Type Growth Capital

Target Company

Atom

Durham, United Kingdom
Atom is a provider of digital bank services that offers mortgages and savings, alongside secured business lending for small and medium-sized enterprises. Atom was founded in 2014 and is based in Durham, England.
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Investors Overview 2

Investor

Toscafund Asset Management

Investor Investor Investor


Category Hedge Fund
Founded 2000
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Toscafund Asset Management is an opportunistic hedge fund focused on public equity investing, growth capital financing, and other private equity deals across the UK. Toscafund Asset Management was formed in 2000 and is based in London.


Deal Context for Investor #
Overall 3 of 6
Sector: Financial Services 2 of 2
Type: Growth Capital 1 of 3
Country: United Kingdom 2 of 4
Year: 2019 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Caravela Seguros

Lisbon, Portugal

Caravela Seguros is an Insurance Company that will take you to discover an experience geared towards meeting your needs. Focused on Private Customers and Small and Medium Enterprises, provide specialized non-life insurance, with proposals that best adapt to the needs of each of their Clients in Workers, Personal Accidents, Health, Motor, Travel, Home among others Insurances. Caravela Seguros is based in Lisbon, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-18 Lemonway

Paris, France

Lemonway is a regulated payment institution focusing on marketplaces, crowdfunding platforms, and e-commerce websites that require payment processing, wallet management, and third-party services in a KYC/AML-regulated framework. The company currently manages over seven million payment accounts. It offers an all-in-one solution of modular and proprietary API-based services ranging from onboarding to cash pay-out flows. Lemonway was formed in 2007 and is based in Paris, France.

Buy -
DESCRIPTION

Perscitus is a sector and stage agnostic private investment group that looks to make direct investments in companies as well as 3rd party fund investments. For later stage opportunities, Perscitus seeks profitable UK-based companies with enterprise values between £5 and £30 million. Perscitus is based in London.


Deal Context for Investor #
Overall 4 of 4
Sector: Financial Services 1 of 1
Type: Growth Capital 1 of 1
Country: United Kingdom 4 of 4
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 Blu Wireless

Bristol, United Kingdom

Blu Wireless offers ultra-fast mmWave wireless technology into homes and businesses through the roll-out of WiGig and 5G networks. Blu Wireless technology already plays an important role in the creation and roll-out of the next generation of high-speed internet and wireless-enabled systems, ranging from virtual reality headsets and ultra-fast video streaming to 5G networks. Blu Wireless was founded in 2009 and is based in Bristol, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-25 Clive Christian

London, United Kingdom

Clive Christian is a luxury goods business with a focus on perfume and furniture. Clive Christian was founded in 1978 and is based in London.

Sell -