Slaughter and May advised STAR Capital Partners Limited, a leading European fund manager, on the entry into a £50m committed financing facility by Kennet Equipment Leasing Limited (Kennet), its subsidiary, with Commerzbank AG, London Branch. The facility, which is backed by a guarantee from the European Investment Fund, enables Kennet to significantly expand its business of arranging and providing financing to small and medium-sized enterprises in the UK.

Kennet is an asset finance broker and equipment finance provider to small and medium-sized enterprises.

CONTACTS

Financing: Andrew Johnson (partner), Caroline Phillips (partner), Teresa Campbell (associate), Hannah Merrick (associate), Emma Kudzin (trainee); Corporate and Commercial: Mark Horton (partner); Tax: William Watson (partner), Michael Ringer (associate); Financial Regulation: Ben Kingsley (partner), Timothy Fosh (associate)