PE firm Exponent brings first UK non-conforming RMBS

By Tom Brown
15 Oct 2020

Exponent, the UK private equity fund that owns online greeting company Moonpig, the Racing Post and Big Bus Tours, is bringing its debut non-conforming UK RMBS to market.

NatWest is sole arranger on the deal, named Elstree Funding 1, with BNP Paribas joining as joint-lead manager.

Only €50m of the senior tranche is being marketed, with five other tranches pre-placed with investors and two more retained.

A syndicate banker away from the deal thought that the ...

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