Asset-based lending gains ground rapidly

Asset-backed financing of management buy-outs (MBOs) is set for a bumper year as small companies struggle to attract funding, while mid-market private equity houses at the upper end are also switching on to the asset class.

ECGD overhauls business strategy

International Trade Minister Baroness Symons has announced the further steps she is taking to modernise the Export Credits Guarantee Department (ECGD) in readiness for its proposed transformation into a Government Trading Fund.