BOOST&Co is expanding to the north of England, opening a new office in central Manchester to serve the region’s growing economy.
The private-debt lender’s presence in the city, providing growth capital to fast-growing and high-tech SMEs, will be hugely beneficial to the local economy, says partner Lance Mysyrowicz.
“We have invested successfully in great SMEs around Manchester during the past few years. Opening an office in the city will help us to build on the local relationships we have created,” he says. “We are sure that BOOST&Co will find even more great companies in the region, and we aim to service them ever better from this new base.”
More local investment
BOOST&Co Manchester will build on the company’s successful recent investments in local SMEs, such as ProofID, an industry leader in identity and access management, and Purple WiFi. It also reinforces the lender’s ability to increase its number of portfolio companies in the Greater Manchester area over the next few years.
BOOST&Co lends more and earlier than the banks, offering loans ranging from £2m to £10m. It has a strong track record in software, medtech, adtech, internet and life sciences, but its venture debt and invoice-financing products are available to businesses in all sectors.
The company sources, executes and monitors deals in northern England from its Manchester office, which is also home to its finance and HR functions. It will soon be joined by regional offices in Bristol and Cambridge, with another UK outpost expected to open by the end of 2019.
Meet the Manchester team
BOOST&Co Manchester is led by principal Ryan Sorby, who recently joined from Lloyds to lead the company’s development in the region. Chief financial officer Edd Hatfield has moved to the office after four years at the lender’s London base. Olivia Field leads the HR and recruitment department, and Lottie Boreham joins as digital communications executive.
The Manchester office – in Chancery Place, at the top of King Street – is open now. An official, invitation-only launch takes place on Wednesday 27 February.