ThinCats funds most M&A transactions in Yorkshire and Humber in 2022

ThinCats has continued to drive the rise of non-bank lenders as a source of funding for UK businesses by becoming the first alternative lender to top Experian’s annual national table of M&A debt providers. In Experian’s 2022 M&A Review, ThinCats provided funding for 71 transactions ahead of HSBC, who have ranked as the top provider for many years, funding 65 deals.

In Yorkshire and Humber, ThinCats was the region’s most active lender last year, providing funding for 13 transactions, ahead of the traditional banks like HSBC and challengers like Shawbrook.

A significant driver of our success in the region has been supporting our existing borrowers fulfil their buy-and-build plans. We backed Definition, a Leeds hq’d integrated communications agency with a number of key acquisitions over the year and supported The Pet Vet’s major acquisition of The Vet, making it the largest independent veterinary group in the UK.

Commenting on the review Ben Kimball, ThinCats Director Business Development: “This report confirms that non-bank lenders such as ThinCats are delivering a genuine alternative to the previous business funding model. It’s particularly pleasing to have funded multiple buy-and-build transactions for our existing borrowers, such as Definition, in our role as a long-term funding partner.”

Find out more about ThinCats in the region.