£5m funding for Phoenix Finance secures acquisition

We are delighted to report a successful £5m pre-flotation funding

for our client Phoenix Finance. The company will use the funding to

make a strategic acquisition ahead of a planned flotation later in the

year.

John Holland the senior partner at Holland Bendelow, said: “Phoenix

has a robust business model and the fundraising is particularly timely,

enabling the company to add scale to the group ahead of the flotation”

Once listed, the company intends to use the public markets to

undertake further acquisitions  in 2017.