Former Shawbrook bankers Marc Sefton and Kieran McSweeney have launched Aquilam Capital, a new firm that will back companies in the specialty finance sector.
Aquilam will provide debt and equity to businesses in the consumer, SME finance, leasing and mortgage markets. The firm will look to make between six and eight deals a year and will consider transactions worth up to £25m, although its sweet spot will be deals valued in the £2m to £10m range.
The firm will support management teams on all aspects of their business, from operations and risk through to strategic direction, funding and development.
Sefton and McSweeney have more than 30 years of combined sector experience between them at institutions including Barclays Capital, Morgan Stanley, RBS and Shawbrook. At Shawbrook the pair headed a new division delivering asset-backed financing to consumer and SME finance businesses.
The wider Aquilam team will also include Rcapital founder and restructuring veteran Jamie Constable and serial senior executive Steve Curtis, who has run nearly 20 companies as either chief executive or chairman.
“We recognised the need for an investment firm which can provide exciting, entrepreneurial businesses with the right type of funding, but one which will also be a business partner,” Sefton said in a statement.