May 2011

Portillion is a pre revenue, UK prime non mortgage lender founded in 2006 and based in Farnborough, Hampshire.  Controlling shareholders included entities affiliated with Jacob Rothschild and Portillion Management.

First Avenue was appointed in December 2010 to recapitalise Portillion. A leading investment bank and a corporate finance boutique had approached 55 investors over the preceding 12 months in search for recapitalisation finance. These investors were primarily well known UK buyout firms.

First Avenue prequalified and contacted 220 new investors within one month of which 70% were non UK based and 70% were institutional investors rather than financial sponsors. A final short list of three investors entered advanced due diligence by mid February 2011. A single Japanese investor concluded a £65m controlling investment in early April 2011.