M&A Deal Summary

Time Finance Acquires Tracx Finance

On May 18, 2017, Time Finance acquired financial services company Tracx Finance for 5M GBP

Acquisition Highlights
  • This is Time Finance’s 4th transaction in the Financial Services sector.
  • This is Time Finance’s 0th largest (disclosed) transaction.
  • This is Time Finance’s 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2017-05-18
Target Tracx Finance
Sector Financial Services
Buyer(s) Time Finance
Deal Type Add-on Acquisition
Deal Value 5M GBP

Target

Tracx Finance

Wantage, United Kingdom
Gener8 Finance Ltd. is an invoice finance provider has approximately 140 clients, with approximately a four and a half year average client life, and typically lends between £50,000 and £500,000, with an average of £90,000. Approximately 60 per cent. of new clients are generated though the Target’s network of brokers, with the remaining 40 per cent. originated directly.

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Buyer(S) 1

Buyer

Time Finance

Bath, United Kingdom
Category Company
Founded 2000
Sector Financial Services
Employees130
Revenue 27M GBP (2023)
DESCRIPTION

Time Finance is an operator of independent finance companies focused on providing SMEs with accessible funding to add value to their businesses. Time Finance providing and arranging approximately £150m of funding every year to support customers’ growth. Time Finance was founded in 2000 and is based in Bath, United Kingdom.

DEAL STATS #
Overall 4 of 5
Sector (Financial Services) 4 of 5
Type (Add-on Acquisition) 4 of 5
Country (United Kingdom) 4 of 5
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Bell Finance

Barford, United Kingdom

Bell Finance Ltd. is a successful, independent, specialist provider of funding for business-critical equipment, primarily “hard” assets comprising plant, machinery and vehicles, for Construction, Recycling and Manufacturing. In addition, Bell provides “Caterham” branded finance for kit cars.

Buy £3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Positive Cashflow Finance

Manchester, United Kingdom

Positive Cashflow Finance Ltd. is a provider of funding to businesses looking for facilities from £10,000 to £1million. Company offer a hands on bespoke service to clients, particularly ideal for those using invoice finance facilities for the first time or who may be experiencing a difficult relationship with their incumbent lender.

Buy -
Mergr

Product

Company

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