The Corporate & Family Office team at Investec Bank (Channel Islands) Limited (Investec) has supported Polygon Collective in facilitating the purchase of its shareholding in Advisa Group Limited. Earlier in the year, Polygon Collective entered into a share purchase agreement with Advisa to acquire up to 50% of the issued share capital over a three-year period.
Investec has previously provided funding to Polygon Collective for a combination of residential real estate investment, commercial real estate investment and acquisition & growth finance activities. The initial transaction was underwritten in May 2019 in respect of its residential property portfolio, followed by a £20m debt solution which included the refinance of its commercial property portfolio and provision of additional investment capital.
In April 2020, Investec supported Polygon Collective in facilitating its investment into the ‘serviced office’ market in Guernsey in respect of the historic and prominent Bucktrout House on Glategny Esplanade.
Scott Philpott, Corporate & Family Office, Investec Bank (Channel Islands) Limited said, “Investec is committed to client partnerships and we are pleased to work with Polygon Collective by delivering another innovative and efficient funding structure that achieved their objectives. Their recent investments are a further positive indication for the future of the Guernsey economy. And their flexible and innovative approach mirrors our own ethos of providing bespoke and entrepreneurial solutions for our clients and our strong sense of living within the community.”
Paul Wright, CEO, Polygon Collective added, “As always, we are delighted to work with Scott Philpott and the Corporate & Family office team at Investec. Their understanding of our business objectives was critical to making this deal a success. We have full confidence in Investec’s capacity and capability across different asset classes and look forward to a long-lasting working relationship with them as we continue to grow the business.”
