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Bantry Bay and Elliott Advisors Establish Joint Venture Partnership
By Bantry Bay Capital Limited
Bantry Bay Capital Limited (“Bantry Bay” or the “Company”), the specialist lender, has established a joint venture partnership with funds advised by Elliott Advisors (UK) Limited and its affiliates (together “Elliott”). Elliott Advisors (UK) Limited is an affiliate of Elliott investment Management, L.P., the global fund manager with approximately $41.8 billion in assets under management.
Bantry Bay will benefit from the deep financial resources of Elliott to support the next stage of its growth. The specialist lender will continue to provide supportive, non-dilutive debt capital solutions to corporates undergoing change. Bantry Bay focuses on asset-based financings, targeting transactions ranging from £10m to £100m+ for private and publicly-listed companies across a wide array of industries.
Jonathan Levine, Partner at Bantry Bay, said: “Our joint venture with Elliott is an important step forward for our business. We are well-positioned to support corporate needs with flexible capital, at a time when the current environment has created even greater uncertainty for business.”
Richard Monahan, Associate Portfolio Manager at Elliott, said: “We are pleased to be partnering with a pre-eminent team at Bantry Bay to capitalise on a growing opportunity in the market and to provide much needed liquidity support to businesses underserved by traditional debt sources”.
For more information, please visit www.bantrybay.co.uk
About Bantry Bay
Bantry Bay Capital Limited is a specialist lender which provides supportive debt capital solutions to corporates undergoing change. Bantry Bay focuses on asset-based financings for private and publicly-listed companies across a wide array of industries. Independently run by its founder management team, Bantry Bay is a joint venture partnership established with Elliott, the global fund manager.
About Elliott
Elliott Investment Management L.P. manages approximately $41.8 billion of assets. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. Elliott Advisors (UK) Limited is an affiliate of Elliott Investment Management L.P.
