BZ

We are pleased to announce the renewal and expansion of our financing facilities for ASCO. The renewed £80 million facility, provided alongside Leumi ABL, extends our support for ASCO through a new five-year club structure and includes increased term loan commitments to support the company's continued growth strategy. Since the original transaction supporting Endless LLP's acquisition of ASCO, the business has continued to strengthen its position as a leading global, full-service logistics and operational management specialist, operating across a range of critical industries. We are delighted to continue supporting both ASCO and Endless as they execute the next phase of their growth ambitions. Read more here: https://bit.ly/3SocV2N #PrivateCredit #AssetBasedLending #GrowthCapital #Energy #Logistics #ABL #CorporateFinance

𝗠𝗮𝗻𝗰𝗵𝗲𝘀𝘁𝗲𝗿 𝗥𝗼𝘂𝗻𝗱𝘁𝗮𝗯𝗹𝗲: 𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲𝘀 𝗛𝟭 𝟮𝟬𝟮𝟲 At our recent Manchester Roundtable, senior advisers, investors and restructuring professionals shared their perspectives on the forces shaping M&A, lending and investment activity across the UK mid-market. Key themes included: • The growing divergence between mainstream M&A activity and special situations opportunities • Why management quality, commercial diligence and operational resilience are under increasing scrutiny • The importance of flexibility, certainty of execution and adaptable funding structures in an uncertain environment Download the paper: https://bit.ly/4aQMn0j #PrivateCredit #AssetBasedLending #PrivateEquity #NorthWest #CorporateFinance

Earlier this year, teams from BZ spent time volunteering with two fantastic local charities: Leaves Breathe and Euston Foodbank. At Leaves Breathe, our team helped with gardening work at an elderly care centre in Bermondsey, maintaining the outdoor spaces and helping to create a pleasant environment for residents to enjoy. We also volunteered at Euston Foodbank, supporting an organisation that provides vital assistance to individuals and families facing hardship across the local community. As with our previous volunteering initiatives, it was important for us to contribute in a practical and meaningful way. By giving our time directly, we were able to support the day-to-day work of both charities and see first-hand the positive impact they have on the people they serve. What stood out most was the dedication and commitment of the staff and volunteers. Their efforts make a real difference and it was a privilege for our team to play a small part in supporting their work. Thank you to Leaves Breathe and Euston Foodbank for welcoming us and for the important work you do. #BZ #GivingBack

At SmithNovak’s Mid Market Europe 2026 conference on 21 May, Peter Jaffe joined a panel discussion exploring how asset based finance can help address the European mid market funding gap. A key theme of the discussion was the important distinction between asset based finance (ABF) and asset based lending (ABL), a difference that is often misunderstood in the market. #BZ #PrivateCredit #AssetBasedLending #ABL #SmithNovak                                                                             

Ben Milner, Duncan Maybury and Ross Stewart will be attending SFNet’s International Lending Conference in London on 19–20 May. This year’s agenda focuses on cross border transactions and the challenges of operating across jurisdictions. Sessions will cover multi country restructurings, evolving European regulation and the practical realities of structuring and monitoring international facilities. The growing role of technology and data in credit processes is also a key theme. Against this backdrop, asset based lending continues to play an increasingly central role within private credit, particularly where flexibility, structuring expertise and multi jurisdictional capability are critical. We look forward to engaging with industry peers across the two days. #SFNet #AssetBasedLending #PrivateCredit #StructuredFinance

Peter Jaffe will be speaking at SmithNovak’s Mid-Market Europe 2026 conference.   Please come and say hello if you’re attending. #PrivateCredit #AssetBasedLending #MidMarket #StructuredFinance

𝗗𝗲𝗮𝗹𝘀 𝗶𝗻 𝗙𝗼𝗰𝘂𝘀 - 𝗘𝘅𝗽𝗿𝗲𝘀𝘀 𝗦𝗼𝗹𝗶𝗰𝗶𝘁𝗼𝗿𝘀 In 2025, BZ completed a financing package to support Ufenau Capital Partners’ (UCP) acquisition of Express Solicitors Group, a UK-based Top 100 law firm, specialising in claimant representation for personal injury cases. “𝘞𝘦’𝘳𝘦 𝘦𝘹𝘤𝘪𝘵𝘦𝘥 𝘵𝘰 𝘣𝘦𝘨𝘪𝘯 𝘵𝘩𝘪𝘴 𝘯𝘦𝘹𝘵 𝘤𝘩𝘢𝘱𝘵𝘦𝘳 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘰𝘧 𝘜𝘊𝘗 𝘢𝘯𝘥 𝘉𝘡. 𝘛𝘩𝘦𝘪𝘳 𝘣𝘦𝘭𝘪𝘦𝘧 𝘪𝘯 𝘰𝘶𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘢𝘯𝘥 𝘤𝘰𝘯𝘧𝘪𝘥𝘦𝘯𝘤𝘦 𝘪𝘯 𝘰𝘶𝘳 𝘵𝘦𝘢𝘮 𝘸𝘪𝘭𝘭 𝘦𝘯𝘢𝘣𝘭𝘦 𝘶𝘴 𝘵𝘰 𝘢𝘤𝘤𝘦𝘭𝘦𝘳𝘢𝘵𝘦 𝘰𝘶𝘳 𝘰𝘸𝘯 𝘨𝘳𝘰𝘸𝘵𝘩 𝘢𝘮𝘣𝘪𝘵𝘪𝘰𝘯𝘴.” – James Maxey, CEO, Express Solicitors #BZ, #PrivateCreditSolutions, #Acquisition, #PrivateEquity, #ABL

𝗗𝗲𝗮𝗹𝘀 𝗶𝗻 𝗙𝗼𝗰𝘂𝘀 - 𝗦𝗘𝗦 𝗘𝗻𝗲𝗿𝗴𝘆 BZ provided $150m in multi-jurisdictional debt facilities to support SES Energy’s carve-out from Swire Group. The transaction combined revolving facilities secured against both receivables in the UK, USA, and Norway and rental equipment assets located in the UK, USA, Norway, and Brazil. “𝘞𝘦’𝘳𝘦 𝘱𝘭𝘦𝘢𝘴𝘦𝘥 𝘵𝘰 𝘩𝘢𝘷𝘦 𝘸𝘰𝘳𝘬𝘦𝘥 𝘢𝘭𝘰𝘯𝘨𝘴𝘪𝘥𝘦 𝘉𝘡, 𝘸𝘩𝘰𝘴𝘦 𝘵𝘢𝘪𝘭𝘰𝘳𝘦𝘥 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘯𝘨 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩 𝘩𝘢𝘴 𝘨𝘪𝘷𝘦𝘯 𝘚𝘌𝘚 𝘵𝘩𝘦 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘵𝘰 𝘥𝘦𝘭𝘪𝘷𝘦𝘳 𝘰𝘯 𝘪𝘵𝘴 𝘨𝘳𝘰𝘸𝘵𝘩 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺 𝘢𝘯𝘥 𝘳𝘦𝘴𝘱𝘰𝘯𝘥 𝘵𝘰 𝘵𝘩𝘦 𝘴𝘩𝘪𝘧𝘵𝘪𝘯𝘨 𝘥𝘺𝘯𝘢𝘮𝘪𝘤𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘦𝘯𝘦𝘳𝘨𝘺 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺.”  – Manfred Vonlanthen, CEO, SES #BZ, #PrivateCreditSolutions, #PrivateEquity, #CorporateCarveOut

𝗗𝗲𝗮𝗹𝘀 𝗶𝗻 𝗙𝗼𝗰𝘂𝘀 - 𝗖𝗮𝗿𝗰𝗹𝗼 𝗣𝗹𝗰 BZ delivered a £36m multi-asset and multi-currency refinancing solution for Carclo plc, a market-leading manufacturing partner for life science and precision technology. The funding package includes £9m of revolving facilities structured against accounts receivable and inventory, £13m of term loans structured against plant and machinery and real estate and a £14m cashflow term loan. The multi-currency structure, funded against UK and US entities provides flexible funding to support ongoing working capital and capex investment. “𝘉𝘡 𝘨𝘪𝘷𝘦𝘴 𝘶𝘴 𝘵𝘩𝘦 𝘧𝘭𝘦𝘹𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘵𝘰 𝘴𝘤𝘢𝘭𝘦 𝘧𝘶𝘯𝘥𝘪𝘯𝘨 𝘶𝘱 𝘢𝘯𝘥 𝘥𝘰𝘸𝘯 𝘢𝘴 𝘯𝘦𝘦𝘥𝘦𝘥. 𝘛𝘩𝘢𝘵’𝘴 𝘸𝘩𝘺 𝘸𝘦 𝘴𝘦𝘦 𝘵𝘩𝘦𝘮 𝘢𝘴 𝘢 𝘱𝘢𝘳𝘵𝘯𝘦𝘳 𝘳𝘢𝘵𝘩𝘦𝘳 𝘵𝘩𝘢𝘯 𝘫𝘶𝘴𝘵 𝘢 𝘭𝘦𝘯𝘥𝘦𝘳. 𝘞𝘦 𝘯𝘰𝘸 𝘴𝘵𝘢𝘯𝘥 𝘳𝘦𝘢𝘥𝘺 𝘵𝘰 𝘢𝘤𝘤𝘦𝘭𝘦𝘳𝘢𝘵𝘦 𝘰𝘶𝘳 𝘨𝘳𝘰𝘸𝘵𝘩 𝘵𝘳𝘢𝘫𝘦𝘤𝘵𝘰𝘳𝘺 𝘸𝘪𝘵𝘩 𝘨𝘳𝘦𝘢𝘵𝘦𝘳 𝘤𝘰𝘯𝘧𝘪𝘥𝘦𝘯𝘤𝘦 𝘢𝘯𝘥 𝘤𝘢𝘱𝘢𝘣𝘪𝘭𝘪𝘵𝘺.” – Frank Doorenbosch, CEO, Carclo plc #BZ, #PrivateCreditSolutions, #GrowthCapital, #ABL

Peter Jaffe, Chief Executive Officer of BZ, will be attending the 𝗔𝗻𝗻𝘂𝗮𝗹 𝗨𝗞 𝗜𝗻𝘃𝗼𝗶𝗰𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝐚𝐧𝐝 𝗔𝗕𝗟 𝗦𝘂𝗺𝗺𝗶𝘁 on Monday 2nd March, where he will be participating in the panel discussion:   𝗔𝗕𝗟 𝐚𝐧𝐝 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗖𝗿𝗲𝗱𝗶𝘁: 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀, 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗮𝗻𝗱 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗶𝗻𝗴.   The panel will explore the growing convergence between asset-based lending and private credit, examining how innovative structuring can unlock financing opportunities that traditional bank debt may not support. Discussion will focus on investor appetite for ABL-backed transactions, the role of private credit in complementing bank facilities, and how to structure complex, event-driven deals across M&A, growth and restructuring scenarios. Drawing on recent market lessons, panellists will also address risk assessment, collateral valuation challenges, intercreditor dynamics and what makes transactions bankable, investable and sustainable in an increasingly competitive environment.   #AssetBasedLending #PrivateCredit #ABL