PNC

About PNC Business Credit

PNC Business Credit is committed to being the premier provider of Asset-Based Lending services to UK mid-market companies. Our highly experienced, award winning, team has a proven track record of delivering bespoke Asset-Based Lending facilities to a wide variety of UK businesses, whose funding requirements start from €5million.

PNC Business Credit operates over 40 ABL offices across the United Kingdom, United States and Canada. With more than 1,000 deals done in the last 6 years across the Group, PNC Business Credit leads the field both in terms of depth of expertise in ABL and also the breadth and depth of business sector experience. Below you will find a selection of our recently completed Done Deals.

PNC Business Credit is part of The PNC Financial Services Group, Inc., a United States based retail banking and financial services group. With assets in excess of $350bn, deposits of over $250bn, a Tier 1 core capital ratio of 12% and in excess of 38,000 customers and 52,000 employees, PNC is one of the largest banking institutions in the U.S.

Our Team

Paul leads PNC Business Credit in the UK and has 30 years experience in the Asset-Based Lending arena. Paul has successfully set up and established three ABL businesses since the late 1990’s, the last of which was acquired by PNC in November 2010.

In the last 3 years Paul has overseen the growth of the business, with over 60 transactions being completed for commitments in excess of £750million.

Paul is a member of the Association for Corporate Growth in the UK and is a past Chairman of the Asset-Based Finance committee within the industry’s trade association.

With 20 years of ABL experience behind him, Graham holds responsibility for developing National Key Business Introducer relationships for the business complimenting his role as Marketing Director.

Graham leads all PNC’s UK/U.S. cross border ABL deals and works closely with PNC Business Credit’s Business Development team and US Private Equity groups to conclude these cross border opportunities. With over $250MM of cross border transactions completed so far this capability is seen as a key growth area for the group.

Graham is a member of the UK chapter of the Association for Corporate Growth and attends the main ACG Capital Connection events held in the U.S.

David has over 27 years ABL experience and has held a variety of senior risk and operating roles within the industry. David is currently responsible for the credit risk management of the PNC Business Credit UK underperforming and exit client portfolio as well as portfolio analytics and works closely with the Portfolio Director and team of relationship managers to ensure the business meets its risk management objectives.

Danny has been actively involved in the Asset Based Lending arena since 1996 having previously worked in the banking sector. In this time Danny has fulfilled a variety of client management, risk, operational and audit & compliance roles.

He joined the business in 2007 and has been an integral part of the development and growth of the business since inception. He has overall responsibility for the main operational functions including legal, compliance, internal audit, field exams & appraisals, IT and finance.

A highly experienced Commercial Finance Executive with over 27 years in the Asset Based Lending Industry, including experience in the Equipment Leasing and Fleet Leasing Industries. With 19 years’ prior service at a global commercial finance company, 9 years at Board level, holding positions responsible for Risk, Sales, Audit and Operations covering both regulated and non-regulated Businesses.

Darren is responsible for the Portfolio of PNC Business Credit UK, enhancing relationships and supporting customers with their growth needs. Darren oversees the national Portfolio team driving a culture of service excellence with strong credit risk processes.

Lea is responsible for the HR and Client Operations functions of PNC Business Credit, UK. Whilst overseeing all aspects of HR Lea is also responsible for the Client Operations teams to ensure both robust credit risk processes and service excellence for our customers.

Lea has been in the Asset Based Lending Industry for over 17 years including 7 years with PNC, holding senior roles within Portfolio, Client Operations and HR. An experienced leader of people with a strong track record of service delivery and continuous improvement.

Regional New Business Contacts

Central

Phone number: +44 (0)7879 661 154

Drew joined PNC Business Credit in September 2016. For over 13 years Drew has successfully been originating and executing structured ABL deals in the UK Mid-Market. His ability to build strong long term relationships with professional advisers and the private equity community means he continues to be recognised as one of the regions leading Asset Based Lending professionals. He is a qualified accountant with 15 years in professional practice, including Corporate Finance Lead Advisory behind him.

North East & Scotland

Phone number: +44 (0)7468 462 389

Alistair has developed an established network of advisory professionals both in the North East and in Scotland over a 20 year period. Recently concluded transactions include the £100 million refinance of private equity owned Vasanta Group, supporting the M.B.O of Siddall & Hilton Products and the new £25 million facility for Routetrader.

North West & North Wales

Phone number: +44 (0)7824 347 702

For over 15 years Mark has been one of the North West's leading Asset-Based Lending professionals. In the last four years he has completed ABL transactions totaling over £200 million in value. His transactions invariably involve the region's leading advisors and recently worked on the Private Equity backed refinancing of Monarch Engineering.

Thames Valley, South West & South Wales

Phone number: +44 (0)7768 467 694

Justin joined PNC Business Credit in November 2015. He has specialised in the Asset Based Lending arena for the last 12 years working for both UK & US owned banks and completing transactions for owner managed and private equity owned companies. His strong relationship approach has allowed him to develop a wide network of professional contacts across the South & South West of England. In addition to 28 years' experience in the banking sector Justin holds an MBA from Bournemouth University Business School.

London & South East

Phone number: +44 (0)7725 425 659

Steve joined the PNC Business Credit's London office in late 2013. With a long history of completing transactions for owner managed and private equity owned companies his strong relationship focused approached to lending fits perfectly within PNC Business Credit. Recent completed transaction include the refinance of leading pottery manufacturer, Denby Holdings for Hilco Capital and the refinance of AFI Uplift for Rutland Partners.

Phone number: +44 (0)7703 107 474

Jason joined PNC Business Credit in March 2015. He is a qualified chartered accountant and for 10 years provided advice to clients ranging from mid-market corporates to listed plc's. He has worked extensively with Private Equity and has a wide network of contacts in the advisory space and a strong track record for deal execution, including the recent acquisition of Carter Cabin Hire for Connection Capital.

Phone number: +44 (0)7718 584 794

Byron joined PNC Business Credit in December 2015 from a boutique corporate advisory firm specialising in working capital financing. Prior to this, Byron worked for Lehman Brothers and before that Investec. He graduated from the University of Sheffield with a BA Hons in Finance and Accounting.

The PNC Financial Services Group, Inc. 2017 UK Tax Strategy

PNC and PNC Bank are registered marks of The PNC Financial Services Group, Inc. ("PNC").

In the UK, lending products are provided by PNC Financial Services UK Ltd., which is an indirect wholly-owned subsidiary of PNC Bank, National Association ("PNC Bank").

In Canada, PNC Bank Canada Branch, the Canadian branch of PNC Bank, provides bank deposit, treasury management, lending (including asset-based lending through its Business Credit division) and leasing products and services (through its Equipment Finance division). Deposits with PNC Bank Canada Branch are not insured by the Canada Deposit Insurance Corporation. Deposits with PNC Bank Canada Branch are not insured by the Federal Deposit Insurance Corporation, nor are they guaranteed by the United States Government or any agency thereof.

Lending and leasing products and services, as well as certain other banking products and services, may require credit approval.

Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.

© The PNC Financial Services Group, Inc. All rights reserved.