Credit funds managed by Ares Management provided North American alternative finance provider eCapital with financing for the company’s acquisition of Advantedge Commercial Finance, a UK-based, privately-owned invoice financing company.

Advantedge provides funding to UK businesses seeking alternative financing. Since November 2016, revenues for Advantedge have grown almost threefold and EBITDA has increased by 2.5 times over that period. Advantedge has five offices in the UK.

“This acquisition marks yet another milestone in the growth trajectory of our company. Advantedge has significant depth and breadth of experience in the factoring sector, specifically servicing small to midsize businesses with alternative lending solutions. As such, they are complementary to our business model, and we look forward to integrating their team and bringing our full suite of products to their client base,” Marius Silvasan, CEO of eCapital, said.

“Advantedge has developed a strong reputation as a leading independent finance provider offering best-in-class client service,” David Tilling, CEO of Advantedge, said. “I am confident that joining the eCapital family is the right move for our company and our clients.”