The most appropriate structure will depend on your asset base, underlying cash flows and your business plan, debt costs rise with complexity and risk.
Over the last decade or so, the debt market has changed considerably as the number of specialist funds has burgeoned, most with a specific market segment in mind. When talking with the more traditional lenders, it is important to sound out the most appropriate team to ensure you get the initial approach correct to maximise your chances of success.
The key areas of third-party debt where we provide advice are:
- Asset-Backed Lending (ABL)
- Senior debt
- Junior debt
- Mezzanine debt
- Unitranche
- High Yield loans, off-balance sheet Special Purpose Vehicles (“SPV”)
We understand which source of debt will be most appropriate for your business and will work with you to secure the funding you require, be that to refinance existing debt, buy-out a shareholder or fund growth.
Recent Transactions
Advised on debt restructuring of education supplies business, following COVID lockdown, with funding provided by Arbuthnot Latham
MessageDirect's acquisition of PHD in Communications Ltd
Debt advisory with funds raised from Clydesdale (now Virgin Money) for acquisitions
Message Direct’s Acquisition of Internet Communications (Services) Limited
Management Buyout of arts and crafts educational supplier, Specialist Crafts (three weeks before lockdown!)
Advised the shareholders of Plastico during their debt renegotiation with HSBC
Refinancing of eGreen from HSBC to Arbuthnot Latham
Vendor initiated MBO of high-technology cables manufacturer funded by Lloyds Bank Plc
Debt advisory for KIMS Hospital with Clydesdale bank providing senior debt and Magnetar Capital providing mezzanine for new-build hospital
Debt advisory for expansion of Harley Street cancer treatment specialist, The London Clinic, with Barclays Bank Plc
Debt advisory and sale to management of leading retail packaging business
Growth capital provided for green building materials business by Octopus Ventures and Clydesdale Growth fund
Disposal via MBO funded by Maven Capital and HSBC
New Zealand’s first take-private transaction, Pacific Retail Group, funded by Logan and GE
Strategic advice on the restructuring of Powerhouse for New Zealand-listed Pacific Retail Group - this included the first use of a CVA to limit shareholder exposure to long leases
Business planning, strategy and bidding for healthcare services in East Kent
Renegotiation of debt facilities following acquisition
Debt advisory in relation to Barclays replacing outgoing debt syndicate partner
Natwest-funded MBO of audio-visual equipment supplier, Shooting Partners
Debt advisory for Produce World on renegotiation of group facilities
Assisted in debt raising from Clydesdale Bank for leading Burger King franchiser
Debt advisory to board of AIM-listed international travel group in its negotiations with Barclays
Advised management on its MBO of flow meter business, with funding from Natwest Bank
Capital raising for this expanding hotel developer from ESO Capital
Debt advisory services for International expansion of chatbot, automated virtual assistant software
Accelerated disposal of South Coast steel construction business
Supported management in raising capital for a local community solar farm
Assisted management with its renegotiation of facilities with Santander
Debt Advisory to buy out minority shareholders, funded by Barclays Bank Plc
Crowd funding of community solar farm
Debt advisory on working capital facility provided by Nucleus Commercial Finance, for green building materials business