MSP Capital, a specialist provider of bridging and development finance based in the South of England, is pleased to announce the completion of a new senior funding line from funds managed by Insight Investment. This will be used to increase provision of a new longer-term bridging finance product, offering a term of up to 36 months.
Following the acquisition of a majority stake in MSP Capital by Cabot Square Capital in November 2018, the business has continued to grow rapidly and the addition of a longer-term bridging offering will enable it to meet even more of its customers’ financing requirements.
Martin Higgins, Managing Director of MSP Capital, commented:
2018 was a significant year of evolution in the business and we are excited to move into 2019 with strong, supportive institutional backers that will be able to provide the equity and debt capital that we need to continue on our strong growth trajectory.
MSP Capital was advised by the Financial Services Corporate Finance team at EY.