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Tuesday 16 January 2018

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BNP Paribas acquires stake in Caple

Written by Chris Lemmon
20/11/2017

BNP Paribas Asset Management has entered into a strategic alliance with European alternative SME credit company Caple, acquiring a 10 per cent stake in the firm in the process.

Caple facilitates access to alternative credit for SMEs, working with international institutional investors to address gaps in the funding landscape by offering finance that “complements” traditional bank loans.

A proprietary technology platform supports an efficient end-to-end credit application, combining origination by local partner networks of accountancy and advisory firms with an initial credit assessment by Caple’s credit analysis teams.

Caple's technology also aims to ensure transparency and standardisation of loan terms and documentation. Financing typically takes the form of unsecured loans with a tenor of five to eight years.

Through the new relationship, BNP Paribas Asset Management will provide a platform to offer alternative credit to European SMEs.

Stéphane Blanchoz, head of SME Advanced Solutions at BNP Paribas Asset Management commented: “This alliance combines the needs of BNP Paribas Asset Management’s investors with Caple’s expertise as an originator of SME loans. The trend towards disintermediation and the growing need for SME funding creates opportunities for lending platforms, such as SME Advanced Solutions, that can offer alternative credit as a complementary source of finance alongside traditional bank lending.”

Dominic Buch, managing partner of Caple, added: “Caple’s experienced local market credit teams, partner networks and proprietary technology, together with BNP Paribas Asset Management’s credit expertise and institutional distribution capability is a compelling combination. This alliance allows us to effectively address the significant gaps in the European funding landscape by offering access to alternative credit to complement traditional lending models.”



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