StageDebt | Alive
Last Raised$22M | 12 yrs ago
About Clyde Blowers Capital
Clyde Blowers Capital aims to be the leading mid-market investor in Western headquartered industrial businesses with defined characteristics servicing identified core sectors.
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Latest Clyde Blowers Capital News
Mar 9, 2023
Share Jim McColl (Image: Newsquest) A NEW Scottish bank founded by industrialist Jim McColl has secured a licence, allowing it to move into mobilisation. Glasgow-based Alba was founded Mr McColl, chairman and chief executive of Clyde Blowers Capital, in 2018 to provide a dedicated service for small and medium-sized businesses in Scotland . It announced this morning that it has been granted a banking licence by the UK Prudential Regulation Authority and Financial Conduct Authority, having worked closely with the authorities to develop its proposition, processes, and systems. Chief executive Rod Ashley said: “This is unquestionably a landmark moment in our journey so far. I am incredibly proud of the team who have steadfastly believed in our mission of launching a new SME focused bank and have worked tirelessly to build a comprehensive business plan, which has allowed us to receive our licence from the regulators. “SMEs have long been regarded as the lifeblood of our economy but haven’t always received access to appropriate levels or forms of finance. Alba is an opportunity to design a bank specifically with these businesses in mind, helping them to realise their true potential and fulfil their vital role in enhancing both employment and economic growth. “Alba’s proposed high tech, high touch business model, marrying the latest innovative digital technology with skilled relationship managers and personal judgement, will differentiate us within the UK SME lending market.” Alba aims to combine a relationship-drive banking model with state-of-the-art technology platforms. It will initially operate from two offices, in Glasgow and London, with ambitions to establish commercial offices around the UK in the longer term. The Alba team has worked alongside Clyde Blowers Capital during the process of securing the licence, with Clyde Blowers also leading its capital raising to date, supported by several “like-minded” entrepreneurs. The bank said it has now raised enough capital to support the mobilisation phase and beyond. Alba chairman Graeme Jones said: “I am absolutely delighted that Alba has been granted its licence (with restrictions) and now enters into full mobilisation. Alba’s establishment is not only important to the Scottish banking and financial services community, but also to the Scottish economy where the majority of our working population are employed in SME businesses. The bank has a dynamic and ambitious agenda which, through time, will see it operating across the UK regions from its initial bases in Glasgow and London. “Whilst we will be a high-tech SME bank utilising the best financial technology available to serve our customers, we also place equal value on our customer relationships. We need their voice at the very heart of the bank to ensure we stay relevant, understand their changing needs and to provide a more personalised and bespoke service.”
Clyde Blowers Capital Frequently Asked Questions (FAQ)
Where is Clyde Blowers Capital's headquarters?
Clyde Blowers Capital's headquarters is located at 1 Redwood Crescent, East Kilbride.
What is Clyde Blowers Capital's latest funding round?
Clyde Blowers Capital's latest funding round is Debt.
How much did Clyde Blowers Capital raise?
Clyde Blowers Capital raised a total of $22M.
Who are the investors of Clyde Blowers Capital?
Investors of Clyde Blowers Capital include Investec.
Who are Clyde Blowers Capital's competitors?
Competitors of Clyde Blowers Capital include Covey Equity and 4 more.
Compare Clyde Blowers Capital to Competitors
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Calibre Group is a merchant bank that offers financial advisory and capital solutions to industrial companies, investors, unions and companies with organized workforces. Calibre Group's subsidiary, Calibre Capital Management, makes investments in manufacturing businesses including steel, paper, and packaging businesses. The company was founded in 2014 and is based in Pittsburgh, Pennsylvania.
Industrial Opportunity Partners is a private equity firm financing firm that invests in mature, turnaround companies. It primarily engages in LBO, MBO, MBI, and divestiture transactions. The firm was founded in 2005 and is based in Evanston, Illinois.
MiddleGround Capital is an investment management firm that invests in B2B Industrial businesses in the North American middle market. It makes control equity investments in businesses that align with its operational expertise, partnering with management teams, families, and owner-operators as the preferred buyers. The company was founded in 2018 and is based in Lexington, Kentucky.
Bessemer Investors operates with process and flow control, value-added distribution, industrial technology, packaging, industrial services, utility and infrastructure services, aerospace and defense. The company was founded in 2018 and is based in New York, New York.
Balance Point Capital Partners invests mezzanine and equity capital in select lower middle market companies. Balance Point Capital Partners takes a long-term, partnership approach to investing and are committed to building lasting relationships with private equity sponsors, management teams and intermediaries.
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