Revolve

Foresight has agreed to provide a £40 million funding line to Revolve, a Manchester-based trade finance business, to expand its offer to more SMEs for short-term funding of stock purchases.

Summary of transaction details:

• Value: £40 million
• Sector: Business Services
• Advisor: Hill Dickinson
• Key Entities: Revolve, Foresight
• Location: Manchester, UK

Note: This deal marks a significant step forward for Revolve, enabling the company to expand its offer to more SMEs for short-term funding of stock purchases, and is expected to drive growth in the specialist lending sector.