Cadwalader Advises Funding Circle on Ground-breaking Marketplace Lending Deal with EIB

Jul 05, 2016

Contact(s)

Bridget Uebel
London
+44 (0) 20 7170 8691
bridget.uebel@cwt.com

Cadwalader successfully advised marketplace lending platform, Funding Circle, in its partnership with the European Investment Bank (EIB) to provide £100 million (US$146 million) of new funding to SMEs in the UK. The loans will be originated through the Funding Circle platform.

This investment, alongside £25 million from the Funding Circle SME Income Fund, will provide a further injection of funding into the UK small and medium-sized business sector over the next several years.

The Cadwalader team was led by Capital Markets partner Jeremiah Wagner, and included associates Jake Lindsay and WonJu Sul, and Tax partner Adam Blakemore and associate Catherine Richardson. All are resident in the firm’s London office.

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