JRJ Group, a leading international private equity investment firm focused on financial services investments and opportunistic situations, is pleased to announce that it has agreed to terms for the sale of Optimum SME Finance Limited to E-Capital Commercial Finance Limited, a leading independent invoice finance company with a significant presence throughout the UK.
Terms of the transaction were not disclosed.
Peter Sugarman, Partner of JRJ Group, emphasised the pivotal role JRJ has played, stating, “During JRJ’s ownership, we have supported Optimum in building a robust and innovative platform, investing in technology and processes to support client service and business growth. We are proud of the strength and resilience of the business, alongside the management team and employees. We wish Optimum every success as it embarks on this exciting new chapter with E-Capital.”
Anthony Persse, CEO of Optimum SME Finance Limited, said, “This acquisition is a significant milestone for Optimum, and we are excited about the opportunities it presents for our clients, introducers, and staff. E-Capital's impressive scale, combined with the market-leading platform for delivery that we have built within Optimum, will allow us to support even more UK SMEs with access to liquidity. I am confident that together, we can set new standards in the industry.”
David Tilling, CEO of E-Capital, commented, "We are delighted to have acquired the Optimum Business and look forward to working with the Management Team to further expand our commitment to becoming the leading, fully integrated financial partner for SMEs across the UK."