GBFC hires London-based lead for European financing platform

A lack of financing in Europe will present opportunities, GBFC’s CEO says.

US-based alternative lender Gordon Brothers Finance Company (GBFC) has appointed a lead for its UK and European operations as it expects further growth in the region.

Peter Jaffe has been appointed as managing director of GBFC’s financing platform for the UK and Europe.

Jaffe most recently worked at Grovepoint Credit, an alternative debt provider that he founded in 2013. Prior to setting up Grovepoint, he spent more than 15 years at JP Morgan in various roles across leveraged finance and credit, including as head of its restructuring group.

GBFC said it believes countries in Europe need more financing options and that Jaffe’s London presence will help the firm to provide more solutions to borrowers in a proactive manner.

Gene Martin, CEO of GBFC, said: “We have financed a number of U.K. and European based middle market companies over the past several years and felt we needed to have a senior, well respected finance professional on the ground to ensure we are strategically well placed for this significant market opportunity.”

Boston-based GBFC was founded in 2014 and has so far deployed $700 million of capital to mid-market companies in the US, Western Europe and Australia. It provides first and second lien secured term loans, unitranche, hybrid and cash flow loans and purchases secondary loans. It lends to firms seeking growth and acquisition capital as well as turnarounds.