BoS merges acquisition and structured finance

Bank of Scotland Corporate has merged its structured and acquisition finance teams in the UK and integrated its European leverage finance business to create a single leveraged finance business focused on supporting chosen private equity sponsors on a pan-European basis.

According to BoS, the creation of a single leveraged finance business allows it to capitalise on its position within the UK leveraged finance market by proactively supporting its private equity partners in their activities across Europe.

The new business supports the bank’s joined-up approach to the European leverage market with local representation in key cities. A number of professionals will be recruited to boost its leveraged finance capabilities outside the UK, bringing the total number of staff working within the new business to more than 100 across Europe.

Iain Purves, formerly head of acquisition finance, takes charge of the new leveraged finance business. He will be responsible for the business across Europe and for all sponsor relationships.

Stephen Quinn, previously director of acquisition finance, has been appointed head of leveraged finance, Continental Europe, with responsibility for local coverage offices in Paris, Frankfurt, Madrid, Amsterdam and Stockholm.

The UK business is led by a team of four directors who will each take responsibility for a London-based coverage team focusing on the sponsor community.

Mark Bickford, Toby Walter, Adrian Walker and Chris Gow form the London based leadership team. BoS Corporate currently employs more than 200 professionals in business areas that support the private equity industry.

Graeme Shankland, managing director, integrated, structured and acquisition finance at BoS Corporate said: “By bringing together our structured and acquisition finance teams into one leveraged finance business, we will be able to extend our partnership approach to working with financial sponsors on a pan-European basis.

“Iain’s appointment as head of the new business will help us deliver on that strategy for our customers and consolidate our position as one of Europe’s leading lenders to the private equity community.”

Sandrine Bradley