Go to deals
Private Equity | Financial Services

Avenue Bank has raised funds by way of ordinary shares via a Series B funding round

Avenue Bank has raised funds to launch next-generation business banking solutions. Amongst the backers of the business, Liberty Financial Group made a strategic investment in Avenue. Liberty is a leading finance group in Australasia and has helped over 500,000 households and SMEs.

Founded in 2018, Avenue Bank is a new neobank targeting Australian SMEs, primarily those with revenues of between US$0.5–15 million. It will focus on the bank guarantee market, bringing an insurance approach to provide its customers with working capital at attractive rates. Avenue Bank aims to unlock opportunities for businesses by providing innovative financial solutions to allow them to back their own future. Founded by Colin Porter and Dale Hurley, the company has also recruited a tier 1 banking management team and a strong board led by Stephen Rix, Chairman of Bennelong Funds Management.

Oaklins’ team in Australia acted as the arranger and assisted Avenue to raise US$27 million.

Talk to the deal team

Andrew Woodmore

Director
Melbourne, Australia
Oaklins Henslow

Ryan Whitelegg

Managing Director
Melbourne, Australia
Oaklins Henslow

Related deals

He-Man Dual Controls has been acquired by Lagercrantz UK Limited
Private Equity | Automotive | Industrial Machinery & Components

He-Man Dual Controls has been acquired by Lagercrantz UK Limited

Lagercrantz UK Limited has acquired 100% of the shares in HM Holding Limited (He-Man Dual Controls), a leader in supplemental control systems for vehicles.

Learn more
HC Partners has successfully secured debt financing for the acquisition of West Friesland Dakbedekkingen
Private Equity | Construction & Engineering Services

HC Partners has successfully secured debt financing for the acquisition of West Friesland Dakbedekkingen

Dutch private equity firm HC Partners has formed a strategic partnership with West Friesland Dakbedekkingen B.V. (WFD). This marks HC Partners’ entry into the roofing sector, with plans to build a national platform of regional roofing specialists.

Learn more
Danish leader in access control systems has been sold to Vækst-Invest
Private Equity | TMT

Danish leader in access control systems has been sold to Vækst-Invest

Unitek, a leading provider of innovative access control systems in Denmark, has been acquired by the Danish private equity firm Vækst-Invest to drive its growth and expansion.

Learn more