Wells Fargo Capital Finance UK led a £100 million ($123.34 million) asset-based lending facility for Algeco, which is part of the Modulaire Group, a business services company specializing in modular services and infrastructure.
Wells Fargo Capital Finance UK provided a working capital financing solution to K.T.C. Edibles, a UK-based supplier of edible oils to support Endless’ acquisition of KTC as well as to provide liquidity for the company’s future growth and working capital requirements.
Wells Fargo Capital Finance UK led a £70 million ($93.6 million) asset-based lending facility with BNP Paribas Commercial Finance for Mach Recruitment.
Acting as the sole lender, Wells Fargo Capital Finance provided a five-year £150 million ($208.9 million) asset-based credit facility to City Electrical Factors, an electrical wholesale network based in the United Kingdom. The facility will provide liquidity for the future growth and working capital requirements of City Electrical Factors.
Wells Fargo Capital Finance UK appointed Jake Hyman and Julian Osborne as business development officers.