Capital market firm – Mobeus – has sold its stake in Advantedge Commercial Finance (formerly Factor 21) to eCapital Corp.
The transaction, which took place for an undisclosed sum, represents the first exit from Mobeus Equity Partners Fund IV, and comes three years after the final close in August 2017.
A provider of invoice finance facilities to UK SMEs, Advantedge facilitates rapid access to flexible and straightforward funding for growth and working capital.
Advantedge has registered strong growth, with revenues increasing 2.4 times since the management buyout from Mobeus in November 2016. Earnings before interest, tax, depreciation and amortisation also doubled across the last four years.
