Freeths advises DivideBuy on £60m funding
Freeths LLP is proud to have advised DivideBuy on its £60m investment and debt financing from private equity investors and UK banks.
DivideBuy is based in Stoke-on-Trent and has a technology based approach to lending, the financing will enable the business to continue to develop technology in offering interest free credit to both retailers and consumers. The backing saw investment from Souter Investments and debt facilities from Shawbrook and Paragon Bank.
Freeths specialist advisers across the Corporate, Banking and Financial Services and Regulatory teams advised on the transaction, including John Heaphy, Jody Webb, Adam Edwards, Mallory Coxe and Adam Wood.
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