PE firm Exponent brings first UK non-conforming RMBS

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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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