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TechStream: Talent for growth

The TechStream Group (TechStream) is a specialist global talent solutions business - operating across the Technology, Digital & Automation sectors. The group was formed when three specialist talent solutions businesses; TechStream, Xcede and Etonwood merged, backed by the existing management teams and Universal Partners.

About The Techstream Group

The group places permanent and temporary staff across a range of sectors and geographies including the United Kingdom, Europe, USA and the Middle East.

 

The group follows a multi-brand strategy with each focusing on unique technology streams that are disrupting and transforming the world around us, such as cloud transformation, digital transformation, cyber security, data analytics, automation, the Internet of Things and CleanTech.

The challenge

TechStream CEO Paul Beeke and Universal Partners had the vision to embark on a buy and build strategy to take advantage of the transformation and disruption taking place in the Technology, Digital and Automation sectors.

 

Paul and Universal Partners had identified two targets, Xcede and Etonwood, who would provide scale and complementary services to TechStream. Paul already sat on the advisory board of both businesses and had a strong relationship with the management teams and shareholders.

 

To execute the strategy they needed to find a funding partner to support the acquisition and who shared their growth ambitions.

people illustrated on interactive screen
Paul Beeke, CEO, TechStream Group

Investec’s pragmatic and partnership approach pre and post-deal completion was a breath of fresh air for us. They understood the complexities involved in a merger of this kind and have been a key partner in navigating the completion and integration of the three businesses.

Learn more about Asset Based & Cashflow Lending

Investec’s solution

TechStream CEO Paul Beeke and Universal Partners had the vision to embark on a buy and build strategy to take advantage of the transformation and disruption taking place in the Technology, Digital and Automation sectors.

 

Investec met with the teams early on to understand their vision for the group and the investment rationale for merging the three businesses. Investec took the time to understand the specific funding requirements of each business and to provide a bespoke financing package to cater for all requirements.

'We wanted a funding partner that shared our enthusiasm for the market opportunity and wanted to go on the journey with us. Investec had the deep recruitment sector expertise and track record to develop and deliver a flexible and bespoke debt structure'

Each business has a unique working capital profile so the financing package included receivables revolvers to cater for intra month working capital swings and also provided headroom to support the ambitious growth plans. A cashflow term loan was provided to support the acquisition and reorganisation of the shareholders.

 

“We wanted a funding partner that shared our enthusiasm for the market opportunity and wanted to go on the journey with us. Investec had the deep recruitment sector expertise and track record to develop and deliver a flexible and bespoke debt structure” – Justin Rodrigues, Universal Partners

Download the case study

TechStream case study PDF 857.68 KB

Everything starts with a conversation, so get in touch and see how our out of the ordinary thinking could help your business.

  • James Cullen

    James Cullen

    James Cullen

    Head of Asset Based Lending, Direct Lending

    I joined Investec in 2006 to help build and launch our blended asset based and cashflow offering. Before this I spent 17 years with Lloyds Commercial Finance, in various roles, culminating in running the Southern half of the business. During My time there, I was instrumental in pioneering the use of ABL structures in UK M&A transactions.

  • Paul Rablen

    Paul Rablen

    Paul Rablen

    Growth & Leveraged Finance

    My focus at Investec is on deal origination, structuring and execution of blended Asset Based & Cashflow lending transactions for growth companies, partnering directly with management teams, entrepreneurs and private equity sponsors. Deals led for Investec include NFT, Palletforce, Park Resorts, Hanmere Polythene and Downton Logistics.

  • Nicholas Buxton

    Nicholas Buxton

    Nicholas Buxton

    Direct Lending

    My focus at Investec is on deal origination, structuring and execution of blended Asset Based & Cashflow lending transactions for growth companies, partnering directly with management teams, entrepreneurs and private equity sponsors. Deals I have worked on at Investec include NFT Distribution, Flamingo Horticulture, Freshpak Chilled Foods, Hanmere Polythene and Downton Logistics.

Everything starts with a conversation, so get in touch and see how our out of the ordinary thinking could help your business.

James Cullen
Paul Rablen
Nicholas Buxton
James Cullen
James Cullen

James Cullen

Head of Asset Based Lending, Direct Lending

I joined Investec in 2006 to help build and launch our blended asset based and cashflow offering. Before this I spent 17 years with Lloyds Commercial Finance, in various roles, culminating in running the Southern half of the business. During My time there, I was instrumental in pioneering the use of ABL structures in UK M&A transactions.
Paul Rablen
Paul Rablen

Paul Rablen

Growth & Leveraged Finance

My focus at Investec is on deal origination, structuring and execution of blended Asset Based & Cashflow lending transactions for growth companies, partnering directly with management teams, entrepreneurs and private equity sponsors. Deals led for Investec include NFT, Palletforce, Park Resorts, Hanmere Polythene and Downton Logistics.
Nicholas Buxton
Nicholas Buxton

Nicholas Buxton

Direct Lending

My focus at Investec is on deal origination, structuring and execution of blended Asset Based & Cashflow lending transactions for growth companies, partnering directly with management teams, entrepreneurs and private equity sponsors. Deals I have worked on at Investec include NFT Distribution, Flamingo Horticulture, Freshpak Chilled Foods, Hanmere Polythene and Downton Logistics.

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Learn more about Asset Based & Cashflow Lending