Transaction

Umbra Capital Partners was mandated to arrange a +£100m debt facility for Hastee to allow registered employers to advance their employee's earned pay, on demand.

We ran a competitive process and there was significant interest from debt funds and banks. However, in order achieve maximum flexibility, 100% LTV and minimal dilution, we created a £200m dedicated Hastee debt fund, which entered into a bespoke, flexible revolver credit facility to fund the salary advances. The facility is short duration, insured and secured against payroll receivables. Umbra invested alongside a private bank, families and multi-family offices.

Additionally, we invested a significant minority stake in the business via a combination of own funds and value added members of the Umbra family (with connections to large employers) and rolled the majority of our advisory fees into equity.

We are very excited about the economic and social impact of this transaction and believe every employee should – and will – have access to their earned pay as soon as they earn it, and avoid expensive payday loan providers.

Transaction

When You Move approached us to provide acquisition financing for their purchase of PinLocal. With deal terms already agreed, they needed a partner who could move quickly and structure a bespoke and flexible facility.

Umbra Capital Partners completed due-diligence and negotiated long-form documentation within six weeks to enable the acquisition to take place in a timely manner. As part of our desire to partner with clients and participate in the upside, we took our arrangement fees as equity and will sit on the board of the combined business going forward.

Transaction

We met the founder of HotelMap during their initial capital raising efforts and were so impressed by the quality of the team and their ability to tackle the opportunity that we decided to invest personally in the business.

Following impressive growth, Umbra Capital Partners helped the founder determine a fair valuation for the latest round and introduced the transaction to members of the Umbra family, who invested alongside us and added value by offering their expertise and network. The raise was oversubscribed and Umbra is a significant minority shareholder.

Transaction

Umbra Capital Partners was approached by an equity investor to help structure and arrange a particularly complex MBO under intense time pressure. We structured and arranged a deal to allow five existing partners of the firm to take ownership alongside the external equity investor and ensure incentives are aligned going forward.

We continue to provide support and strategic advisory to the management team and equity investor on an ad-hoc basis.

Transaction

Umbra Capital Partners were approached to provide strategic advisory to Rogue projects. Umbra helped develop hearO’s business model and leverage our network to help negotiate exclusive partnerships with the likes of Wilson.

Our mandate provides ongoing, strategic business advice, oversight and governance for Rogue projects. Our advisory fees are rolled into equity and we have aligned with the founders' ambitious plan to build special design projects from the studio.

We are enthusiastic about the social impact space.