LONDON – October 31, 2019 – Wells Fargo Capital Finance (UK) Limited, part Wells Fargo & Company (NYSE: WFC), is pleased to announce that on October 24 it won the Asset-based Lender Deal of the Year award from Insider Media Limited for the Bright Blue Foods (BBF) transaction.
Held in Manchester, the awards dinner recognised the region’s corporate finance firms, banks, funders, private equity houses and individuals that have excelled in dealmaking over the past year. Upon receiving the award, Insider Media commended Wells Fargo for winning the award “against strong competition and market leading incumbents.”
“Wells Fargo is delighted and honoured to have won this award, which is a testament to the hard work and relationships we have built with customers and stakeholders in the North of the UK,” said Tom Weedall, head of UK Originations at Wells Fargo Capital Finance UK. “The asset-based credit facility for Bright Blue Foods was curated to fund its growth and capital needs. We are committed to helping our customers achieve financial success, and this transaction demonstrates the increasing capabilities and financial solutions Wells Fargo Capital Finance can tailor for its clients.”
Acting as the agent, Wells Fargo closed a £40 million working capital facility for Bright Blue Foods in January.
Beyond growth in asset-based lending in the UK, Wells Fargo Capital Finance provides technology finance and supply chain finance to companies throughout the UK and Europe.
About Wells Fargo Capital Finance
Wells Fargo Capital Finance, a unit of Wells Fargo Commercial Capital, provides comprehensive asset-based lending, supply chain finance, and technology finance to a wide spectrum of companies across the UK. With offices in London and Manchester, we bring a strong and proven track record of working with clients to develop their businesses. We deliver flexible financing options for companies facing a variety of situations, including: early and midstage turnarounds, growth, leveraged buyouts, refinancing, restructurings, mergers and acquisitions. As part of Wells Fargo & Company, a leading financial services provider with a longstanding reputation for strength and stability, we can also provide access to a wide range of products and services aimed at helping companies succeed.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,500 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 261,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.