Key Details:
- Client: UK national & UK resident
- Share Value: Circa £20m
- Loan Amount: Circa $7.5m
- LTV: 50%
In this case, Enness was approached by a UK national seeking to raise capital through a loan secured against private shares in a company expected to IPO within the next few years. The client required liquidity without selling equity and intended to deploy the circa $7.5m facility into a new business venture. The objective was to release value from a £20m shareholding while maintaining ownership ahead of the anticipated public listing.
The critical challenge was securing private share lending against non-conventional equity. Most lenders active in this space focus on high-profile fintech unicorns or widely recognised growth companies. In this case, the client was unwilling to pledge additional assets, preferring a standalone structure secured solely against the shares. This required identifying a specialist lender comfortable with structuring non-recourse lending against private company shares outside traditional security parameters.
Enness quickly found a lender willing to underwrite the company based on its merits and future IPO trajectory. A circa $7.5m debt facility was structured at a 50% LTV over a five-year term, with pricing and terms reflecting the security's private and illiquid nature. The facility incorporated structured provisions in the event of an early share sale. This highly specialised private share loan required deep market expertise and careful execution.
If you hold significant private equity or pre-IPO shares and require structured liquidity without selling down your position, speak to Enness. Our team specialises in bespoke private share lending solutions for high-net-worth and entrepreneurial clients.
Enness does not give advice on Securities Backed Lending or investments; and lender introductions are unregulated.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
