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Shawbrook extends OSBF partnership and offers loan facility to Castelnau
Yahoo Finance· 2025-10-17 14:43
Core Insights - Shawbrook has extended its partnership with One Stop Business Finance (OSBF) by providing a £65 million ($87.2 million) revolving loan facility to Castelnau Group, marking a significant development in their collaboration [1][3] - The lending agreement with OSBF has been enhanced by 50% to reach £30 million, reflecting the growth and mutual objectives of both companies over the past six years [1][2] Group 1: Shawbrook and OSBF Partnership - OSBF, established in 2014, specializes in asset-based financial services for small and medium-sized enterprises (SMEs), including bridging finance and working capital loans [2] - The initial engagement between OSBF and Shawbrook began in 2019 with a £3 million revolving credit line, which has seen progressive increases, culminating in a loan book exceeding £50 million [2][3] - Shawbrook's director Matthew Newman highlighted the strong demand for funding and support provided by OSBF, indicating a robust relationship between the two entities [3] Group 2: Castelnau Group Loan Facility - The £65 million revolving loan facility for Castelnau Group is notable for its size and the substantial initial drawdown, which exceeded 90% of the facility [4] - Castelnau Group, managed by Phoenix Asset Management Partners, focuses on investing in UK-based small to mid-cap private companies, emphasizing sustained value growth and strategic capital deployment [4] - Shawbrook's director Ismail Farhat expressed confidence in Castelnau's business model and track record, indicating a commitment to support their growth and operational strengthening [5]