Latham Advises SME Capital on New Funding Partnership With J.P. Morgan
Latham & Watkins has advised SME Capital, which provides funding for small and mid-size businesses integral to the UK economy, on its new funding partnership with J.P. Morgan. The new collaboration will see J.P. Morgan extend a significant line of committed capital for SME cashflow lending over the next three years.
This forms the second phase in the development of SME Capital’s warehousing programme; the first phase being the initial commitments from current investors SCIO Capital (SCIO) and Prytania Asset Management (Prytania) in March 2021. SCIO and Prytania will continue to invest in the programme and are excited to be able to support many more UK SMEs with a range of bespoke funding packages.
The Latham team was led by London partner Jeremiah Wagner, with London associates Boin Cheong, Leah Morgan and Niamh Nic Uileagoid, with tax advice being provided by London partner Karl Mah, with London associates Aaron Bradley and Sam Duncan.