Infinity exits Positive after nine years

BOSSES at Birmingham-based lender Positive Cashflow Finance have taken full ownership of the business after acquiring the remaining 20% stake held by private equity backer Infinity.

The deal marks an exit for Infinity, which took a 55% stake when it backed Positive as a start-up with an investment of £2m in December 2007.

In 2013, Manchester-based Infinity reduced its holding to 20% as Positive’s management team, comprising managing director David Smith, finance director Peter Davis, commercial director... For the full story register now for free or login below...