- Client: UK National & Resident
- Share Value: Circa £205M
- Loan Amount: Circa £20M+
Enness was approached by a UK national seeking to raise liquidity against a significant holding in a European venture-backed private company. The client was looking to purchase a property, but a substantial proportion of their wealth was concentrated in shares in the business and was therefore not readily accessible without a liquidity event.
The client wanted to explore a financing solution that would allow them to access capital without selling their shares or pledging other assets. In particular, they required a non-recourse structure secured against the private company shares alone.
This presented a significant challenge. Traditional lenders rarely provide finance secured solely against unlisted private company shares, particularly where the borrower is not willing to provide additional security or a personal guarantee. The specialist nature of the underlying asset and the limited liquidity of private shares meant that a lender able to consider this type of transaction was required.
Enness approached specialist lenders with experience in unlisted stock lending and identified a lender willing to assess the underlying business, its venture capital backing and the value of the client's shareholding. Terms were sourced for a short-term facility of circa £20M+, structured against the private company shares and aligned with the client's requirements.
The proposed solution would provide the client with access to substantial liquidity while allowing them to retain their shareholding and avoid pledging additional personal assets, subject to the agreed lending structure and terms. The case demonstrates the importance of identifying a lender able to assess the characteristics of a private company and its shares rather than relying solely on conventional lending criteria.
This case highlights Enness's ability to explore bespoke securities-backed lending solutions for high-net-worth entrepreneurs whose wealth is concentrated in private or unlisted companies. Where traditional lenders may be unable to assist, a specialist lender network can provide access to alternative liquidity structures, subject to lender criteria and individual circumstances.
If you are seeking to raise liquidity against private company shares or other complex assets, speak to a Securities-Backed Lending Specialist to explore your options.
Securities-Backed Lending Disclaimer: Enness does not provide advice on Securities-Backed Lending or investments. Lender introductions are unregulated. Terms and availability are subject to the individual circumstances, underlying securities and lender criteria.
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.
