Herrington Carmichael’s banking team, led by Managing Partner, Yavan Brar, has advised the point-of-sale finance provider, Buyline, on a significant facility with BCI Capital.
Buyline, based in Gloucester, provides Fintech funding and bespoke payment solutions to individuals and businesses, enabling them to acquire the goods and/or services they require now, but to pay for them over time. Buyline works with supplier business partners in a variety of sectors, from dental to education, to offer bespoke payment solutions to consumers.
The financing provided by BCI Capital will enable FCA-regulated Buyline to continue its upward trajectory and rapidly increase the size of its loan book. Herrington Carmichael advised Buyline and worked alongside debt finance adviser, ATVEN Limited (led by Alistair Thomas and Tiffany Pearce) and Norwegian counsel, Selmer AS, in bringing the matter to a close. The financing follows advice provided by Herrington Carmichael’s corporate team on the acquisition of the business in 2023.
The Herrington Carmichael team was led by Managing Partner, Yavan Brar, and supported by: Chris Gemson, Senior Solicitor, Banking; Samuel French, Senior Apprentice Solicitor, Banking; Mark Chapman, Partner, Regulatory; and Michelle Lamberth, Senior Paralegal, Banking.
“Yavan and team supported us through the process ensuring we had the right level of guidance and regulatory control for every decision through this process, we felt fully supported and couldn’t have achieved the outcome without them.”
– Huw Phillips CEO (Buyline Ltd).
Herrington Carmichael looks forward to working with the management team to accelerate its growth plans, supported by BCI Capital, over the coming years.
