Our Banking and Finance team has advised Mercia Asset Management PLC ("Mercia"), the AIM-listed private capital asset manager, on the establishment of new banking facilities with Metro Bank PLC of £38 million.

Mercia is a leading UK private capital asset manager with more than £2.2 billion of assets under management. The new facilities comprise term and revolving loan facilities, providing additional flexibility to support Mercia's ongoing growth initiatives under its Mercia '27 strategic plan.

The team was led by Partner Navin Prabhakar (Banking and Finance) alongside Kris Rogers (Corporate) who were supported by Principal Associate Orest Matviychuk (Banking and Finance), Associates Chloe Collins and Sarah Lambert (Banking and Finance) and Jack Qualtrough (Corporate), with additional regulatory assistance from Partner Guy Stevenson and Principal Associate Duncan Scott (Financial Services).

Navin Prabhakar said: "We're delighted to support Mercia on establishing these new facilities with Metro Bank. The transaction provides an important platform for the group's future growth ambitions and reflects the collaborative approach taken by all parties throughout the process. We look forward to seeing Mercia continue to build on its growth strategy in the years ahead."

Gowling WLG's Corporate, Finance & Tax team works with companies, investors, lenders and management teams on transactions that support growth, investment and long-term value creation. Bringing together specialists from across corporate, banking, funds, tax and regulatory disciplines, the team advises on financings, acquisitions, investments and other strategic business initiatives.