Prestige Fund Management (PFM), a Cayman-based investment manager, has purchased a significant equity stake in Methexis Holdings, an Isle of Man-based corporation and owners of Methexis Capital Advisors, a UK-based regulated investment manager.
Prestige will now be represented on both Methexis boards.
PFM is affiliated to Prestige Asset Management, a UK-based FCA regulated investment marketing, administration and structuring boutique, Prestige Capital Management, a Malta-based MFSA regulated investment management firm, and Prestige Asset Distribution, a British Virgin Islands-based international fund distribution firm which has raised over USD500m since 2008.
Founded in January 2010, Methexis Capital Advisors is involved in the provision of short-term capital to small and medium-sized UK companies, typically in the form of factored invoices and invoice receivable finance. Headquartered in central London, the team comprises eight professionals, each of whom has extensive banking and lending experience at groups including Barclays Bank, Crédit Agricole, Deutsche Bank, Kidder Peabody, Merrill Lynch. Nomura International, Mitsubishi UFJ, Royal Bank of Scotland and Wachovia Securities.
Craig Reeves, director and founder of PFM, says: “The move to combine the international resources of Prestige and Methexis represents an important milestone and enables us more effectively to exploit the many opportunities for the provision of credit and finance to the benefit of our investors going forward.”
Dominique Kateb, partner and founder of Methexis Capital Advisors, says: “We are all very excited by the prospects arising from this venture. We can clearly see that the combined strengths of both parties add value to our systems, processes and procedures as well as to our distribution and our international institutional relationships.”