Growth & Leveraged Finance deals

How we help businesses grow

As a client you’ll receive a solution that fits your circumstances. Find out how our specialists are helping businesses achieve their ambitions.

 

Our recent deals

Third Bridge

G2V Recruitment Group

Anthesis Group

SelectScience

LCP

STP

ASSEPRO

Envision

Tyrefix

Gritit

MPM

Sparta

Atnahs

Ocorian and Estera

Eaton Gate

PharmaZell Group

F24

Heilbron

Vermaat

Saal

GEV Group

Equiom

Pet Family

SERB

Amann Girrbach

Elatec

SVT Holding

Sentia

Luminati

ProALPHA

Dutch Bakery Group

Ovo Energy

Allied Glass Group

James Grant Group

NR Evans

BM Polyco and HPC Group

Palletforce

Finlays

Fox International

Motor Fuel Group

Clegg Gifford

Third Bridge

Investec Growth & Leveraged Finance provided debt facilities as part of a bank club in support of Astorg and the founders’ significant investment

Our Role
The new financing package reflects the high quality of Third Bridge’s offering, its excellent performance track record, the strength of its competitive positioning in the market and the strong growth prospects for the business in a market experiencing double digit growth.
 
Investec was delighted to be able to support this top-quality, high-growth business.

The Deal
Astorg, alongside the founders of Third Bridge and IK Investment Partners (incumbent minority investor), has agreed to acquire Third Bridge – the founders will remain majority owners with Astorg making a significant minority investment.
 
Third Bridge’s three original co-founders (Emmanuel Tahar, Joshua Maxey and Rodolphe De Hemptinne) are reinvesting the majority of their proceeds into the new transaction and will continue in their leadership roles. Astorg will join the co-founding shareholders to support the next stage of growth for Third Bridge.

About Third Bridge and Astorg
Third Bridge was founded in 2007 and today employs a team of more than 1,000 across eight offices in North America, Europe and Asia. Third Bridge’s primary activities focus on generating interview content and connecting experts with investors, in order to help them make better investment decisions. Since inception, Third Bridge has become a leading player in the primary research market, serving over 1,000 of the world’s private equity funds, hedge funds, mutual funds and management consulting firms.
 
Astorg is a leading independent private equity firm with over €9bn AUM. Astorg work with entrepreneurs and management teams to acquire market-leading global companies headquartered in Europe or the US, providing them with the strategic guidance, governance and capital they need to achieve their growth goals. Astorg enjoys a distinct entrepreneurial culture, a long-term shareholder perspective, and a lean decision-making body.

Astorg and Third Bridge logos

G2V Recruitment Group

Investec backs founder-led MBO and long term growth at G2V Recruitment Group (‘G2V’)

Our Role
Investec Growth & Leveraged Finance supported a minority founder buyout, partnering with G2V’s existing shareholders and management team over the long term.
 
Investec provided a bespoke Asset Based and Cashflow financing package, incorporating a receivables revolver alongside cashflow term debt on an integrated basis. This was delivered from a single dedicated team.
 
Our structure also allows for working capital headroom and is designed to facilitate future recapitalisation of the business as it continues its growth trajectory in the coming years.

The Deal
KPMG, who provided sellside and debt advice to the shareholders, introduced Investec to the business early in the process to explore options to allow for shareholder evolution and to support its growth aspirations.
 
Investec spent time understanding G2V’s unique business model. Following the founders’ and management’s decision on what type of transaction to pursue, we shaped a debt structure which facilitated the deal and will allow the business to focus on its ambitious growth plans.
 
Crucially, Investec was able to move swiftly through the credit approval process and provided certainty to the transaction.

About G2V
G2V Recruitment Group is an award-winning international specialist recruitment group headquartered in London. Founded in 2004, the Group operates through two companies, Vivid Resourcing and g2 Recruitment, and operates internationally with an established and growing presence across the UK, US and Europe.

G2V provides recruitment solutions to STEM sector clients with a niche sub-sector focus within the Technology, Engineering, Life Sciences and Energy markets.

G2V Recruitment Group logo

Anthesis Group

Investec has provided committed facilities to support Palatine with its investment in Anthesis Group, the world’s largest sustainability specialist

Our Role
Investec Growth & Leveraged Finance supported Palatine Private Equity, with its investment in Anthesis Consulting Group Limited (‘Anthesis’), the world’s largest sustainability specialist.
 
Investec won the mandate based on their flexible debt structuring capability.

The Deal
Investec was delighted to have supported Palatine and the wider Anthesis management team, given the company’s positive contribution towards global sustainability – which is of key strategic importance to the Bank.
 
The senior debt facilities provided by Investec will help support Anthesis’ ambitious growth plans, to continue to deliver strong organic growth and help accelerate its planned acquisition strategy.
 
This is the first transaction Investec G&LF has completed with Palatine and we look forward to strengthening the partnership over time.

About Anthesis & Palatine
Founded in 2013, Anthesis is a London headquartered global sustainability specialist. From ESG strategy to implementation, Anthesis offers a widespread of services to help companies, governments and publicly funded bodies achieve their sustainability goals.
 
With offices in Manchester, London and Birmingham, Palatine focuses on UK mid-market deals and currently invests out of two funds, its Impact fund and Buyout fund. The £100m Impact fund is the first mid-market returns-focused impact fund with a mandate solely focused on investing in profitable businesses which make a positive impact on the environment or society.

Palatine and Anthesis Logo

SelectScience

Investec provides bilateral financing for SelectScience

Our Role
Investec provides senior debt facilities to support Vespa Capital’s acquisition of SelectScience, a leading digital marketing, information and peer-to-peer review platform.

The Deal
Senior debt facilities provided by Investec were able to help Vespa Capital to back SelectScience’s ambitious and high-quality management team, to continue to deliver innovative, digitally led services to the scientific community and manufacturers globally.

The transaction also facilitates the succession of co-founders, Arif and Louise Butt, who have also invested alongside Vespa Capital.

About Select Science
SelectScience Limited is a leading digital marketing, information and peer-to-peer review platform, which publishes trusted digital content to the scientific community to help drive well informed buying decisions around their laboratory requirements and stay up to date with the developments in technology.

SelectScience Logo

LCP

Investec has provided a bilateral debt package to support Charterhouse’s investment in Lane Clark & Peacock LLP (“LCP”)

Our Role

Investec Growth & Leveraged Finance provided a bilateral senior debt package to support Charterhouse's investment.

Investec was able to leverage our extensive knowledge of LCP, having been sole lender in support of Inflexion’s minority investment in the business since December 2016, to deliver a financing commitment to Charterhouse in an accelerated timescale.

The Deal

In December 2020, Charterhouse Capital Partners LLP (“Charterhouse”) signed an agreement alongside the Partner group of LCP to acquire a minority stake in the business from Inflexion. As part of the transaction, LCP’s Partners increased their ownership of the firm.

Charterhouse will help LCP’s continued development by supporting its management team and Partners in continuing the strong organic growth and market share gain of their core offering, whilst accelerating the growth opportunities in the diversified analytics and technology platforms within the business.

About LCP and Charterhouse

LCP is a leading professional advisory firm specialising in pensions, investment consulting and insurance.

Founded in 1947 and headquartered in London and Winchester, LCP is the leading independent provider of pension and investment consulting services in the UK. The company also provides services in fast-growing areas including technology analytics, insurance regulation and risk advisory, health analytics, and energy market modelling and consultancy. Today, LCP has c. 800 people, c. £245bn in Assets Under Advice, and 650 clients, including nearly half of the FTSE 100, as well as a number of insurance companies and charities.

Charterhouse, founded in 1934, is a leading European middle-market private equity investor and one of the longest-established private equity firms operating in Europe, with €4bn+ AuM currently. The firm invests with a growth-focused approach across the services, healthcare, industrials and consumer sectors. Charterhouse follows a selective, conviction-led style, sourcing attractive investment opportunities with the long-term ambition of driving transformational change.

LCP logo

STP

Investec Growth & Leveraged Finance provides financing for Bregal Unternehmerkapital's acquisition of STP, the leading DACH-based provider of legal tech solutions for insolvency practitioners and law firms.

Our Role

Investec Growth & Leveraged Finance supported sponsor client Bregal Unternehmerkapital, in its acquisition of ERP software provider STP.

Investec won the mandate competitively based on our flexible debt structuring capability and proven track record in the software space. This is the first transaction Investec G&LF has completed with Bregal.

The Deal

STP’s strong credit fundamentals allowed us to structure a financing at competitive leverage and pricing levels delivering a bank club solution for what is a highly sought after credit amongst financiers in the DACH market.

The deal comprises term debt and committed undrawn facilities tailored to STP's business strategy.

About STP & Bregal

STP is the leading provider of legal ERP software in DACH with a market-leading position in insolvency software and a diverse customer base of 1,800 clients, incl. 49 of the Top 50 insolvency administrators. Both insolvency and legal clients use STP’s software daily to organise their workflows, get access to valuable market information and manage documents (paying an annual license fee).

Bregal Unternehmerkapital is part of a family-owned business that has grown over several generations. Bregal specialises in majority and minority holdings, especially in mid-sized companies based in Germany, Switzerland and Austria – the “Mittelstand”. Bregal Unternehmerkapital currently manages around EUR 2.5 billion in overall assets, with EUR 1.2 billion available for new investments.

STP logo

ASSEPRO

Investec Growth & Leveraged Finance completes its first transaction in Switzerland, supporting EMZ Partners in the acquisition of ASSEPRO Group, Switzerland's No. 1 independent SME insurance intermediary.

Our Role

Investec provided a debt package to support new to bank sponsor EMZ Partners in their acquisition of ASSEPRO Group.

The G&LF team worked closely with EMZ Partners and debt adviser Cowen through the diligence phase to structure a suitable financing solution that allows sufficient flexibility to execute ASSEPRO’s growth strategy.

The Deal

We were highly impressed with the loyalty of ASSEPRO's client base and the strength of the senior management team.

The debt structure comprises term debt as well as committed undrawn facilities to support bolt-on M&A.

Investec arranged the financing club alongside a local Swiss lender.

About Assepro

ASSEPRO is a leading independent insurance broker for SMEs in Switzerland, servicing a client base of c. 8,000 companies and a total managed premium volume in excess of CHF1bn.

About EMZ

EMZ Partners is a specialist Private Equity fund investing alongside founders, family shareholders and managers. EMZ has been active in the European market for over 20 years, with total equity invested of €3.5bn across 130 transactions.

EMZ Assepro logo

Envision

Investec supports GHO’s majority investment in Envision Pharma and subsequent acquisition of TwoLabs

Our Role

A number of Investec teams collaborated to support the MBO and subsequent acquisition of Two Labs. Fund Solutions provided facilities to bridge GHO’s equity commitment for the two transactions.

Growth & Leveraged Finance provided term facilities to Envision, as part of a bank syndicate, to support both the MBO and the subsequent Two Labs add-on. Risk Solutions assisted GHO with FX requirements at Fund level. Corporate FX supported Envision with transaction-related currency requirements and bespoke forward hedging solutions.

The Deal

GHO, a shareholder in Envision since 2016, increased their investment in the business alongside Management by acquiring a majority stake from Ardian in November. The transaction saw GHO lead a consortium of its investors headed by Mubadala Investment Company, and including HarbourVest Partners and Northwestern Mutual, to drive a new phase of growth for the business and advance Envision’s global ambition to be the leading strategic partner in medical affairs.

In the weeks following completion of the MBO, Envision announced the acquisition of US-based Two Labs. The combination brings together complementary clients, services, and technologies. It extends Envision’s scientific footprint to new clients in the “product pre-launch setting” while opening up new business avenues and geographies for Two Lab’s best-in-class launch planning service.

About Envision

Founded in 2001 and headquartered in Horsham, UK, Envision is a leading global medical communications and software company that provides regulated communications between drug companies and doctors/scientific publications/regulators. It serves 90+ pharmaceutical and life science customers across 2,000+ compounds, including 29 of the top 30 global pharmaceutical and life science companies.

About TwoLabs

TwoLabs, founded in 2003 and headquartered in Powell, Ohio, has offices and operations across the US and UK, and is an established strategic consulting and commercialisation provider to the biopharma industry. TwoLabs helps pharmaceutical companies develop and execute customised launch strategies for products. It has a proven track record of successful launches across all major therapeutic areas with unmatched client satisfaction.

About GHO

Global Healthcare Opportunities, or GHO Capital, was founded in and has been a client of Investec since 2014 and is Europe’s largest healthcare-dedicated investment firm with c.€2bn assets under management currently. GHO applies global capabilities and perspectives to unlock high growth healthcare opportunities in Europe, building market leading businesses of strategic global value.

GRITIT logo

Tyrefix

Investec partners with Literacy Capital in the Management Buyout of Tyrefix Plant Tyre Services

Our Role

Investec Growth & Leveraged Finance supported Literacy Capital’s (‘Literacy’) majority investment in TyreFix Plant Tyre Services (‘Tyrefix’).

Investec provided an Asset Based and Cashflow lending structure to cater for the acquisition, working capital and future long term growth.

Crucially we were able to move quickly through the credit approval process, providing certainty to the transaction in a tight completion timeline.

The Deal

Literacy introduced Investec to the Tyrefix management team early on in the process, to explore how we could shape a debt structure bespoke to the requirement. The deal provides Tyrefix with succession and a solid foundation for growth over the long term.

This is the first transaction we have completed with investor Literacy and we look forward to developing the partnership over time.

About Literacy Capital & Tyrefix

Literacy Capital is a closed-end investment company focused on investing in and supporting small, growing UK businesses and helping their management teams to achieve long-term success.

Tyrefix is a provider of fast-response emergency tyre repair and replacement services for plant equipment to plant hire companies and housebuilders across the UK.

Tyrefix’s fast-response service minimises downtime from tyre damage on-site for customers and provides assurance that equipment is compliant with health and safety regulatory standards.

GRITIT logo

Gritit

Investec partners with Total Capital Partners, in GRITIT's acquisition of NMC Group

Our Role

Investec Growth & Leveraged Finance supported existing client sponsor, Total Capital Partners (“TCP”), in GRITIT's ("Gritit") acquisition of NMC Group (“NMC”).

Investec provided a bilateral senior debt package to support Gritit’s acquisition of NMC.

This is the second transaction Investec has completed with TCP, winning the mandate competitively based on our flexible debt structuring capability and proven track record for delivery.  

The Deal

TCP introduced Investec to the Gritit management team early on in the process to explore how we could support its growth aspirations, ahead of an exit in the medium term.

Investec invested time and resource into understanding the unique models of each business, before structuring a bespoke debt package to cater for the initial acquisition, subsequent bolt on and for the enlarged business’ ongoing working capital needs.

Crucially, Investec was able to move quickly through the credit approval process and provide certainty to the bid.

About Gritit

TCP was launched in 2008 by Managing Partners Natalie Eastham and Erlendur Magnusson, investing in lower mid-market UK businesses. Mark Buttler and Paul Brown from Total Capital Partners led the deal process on behalf of Gritit.

Gritit is a market leading, asset light, national B2B winter and grounds maintenance specialist.

NMC is a leading UK-wide B2B provider of surfacing, drainage and civil engineering services.

The combined group will effectively double in size and will therefore become the UK’s largest independent provider of external infrastructure compliance services, with the ability to provide ‘bundled’ services to its clients.

GRITIT logo

MPM

Investec provides Senior debt financing as part of a bank club in support of 3i’s acquisition of a majority stake in MPM

Our Role

Investec Growth & Leveraged Finance has provided Senior debt facilities as part of a bank club to support 3i with their majority investment in MPM.

The Deal

3i has invested £125m alongside MPM management for a majority stake in MPM – an international leader in branded, premium, natural pet food. 3i will provide the necessary expertise and capital to accelerate international expansion.

About MPM

Headquartered in Manchester, MPM was founded in 2002 and owns leading brands such as Applaws, Encore and Reveal. MPM differentiates itself through its high quality, human-grade products, its natural, clean-label ingredients and its “cat first” proposition. MPM’s has an established presence in the UK, EMEA and APAC with a fast growing business in North America and has international sales accounting for more than 60% of revenues. MPM has developed strong relationships with key retailers across pet specialist, grocery and online channels.

MPM logo

Sparta

Investec supports sponsor Inflexion in their majority investment in Sparta Global

Our Role

Investec Growth & Leveraged Finance provided a bilateral senior debt package in support of Inflexion's majority investment in Sparta Global (“Sparta”).

Investec was able to deliver a financing commitment in an accelerated timescale while preserving strict transaction confidentiality during execution. 

The Deal

Inflexion was able to leverage their strong sector track record to execute a majority investment in Sparta in an off-market transaction in October 2020, and will partner with Sparta’s management team to build on the company’s established growth profile.

About Sparta Global

Founded in 2005 by David Rai and Tim Staton, London-headquartered Sparta is an innovative technology and training services provider specialising in the recruitment, training and deployment of early-career IT and business professionals to a blue-chip client base across the UK and Ireland.

Inflexion is a leading UK mid-market private equity firm, investing equity of £10m to £250m in high growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to deliver growth.

In backing the founders of Sparta in their next phase of growth, Inflexion will draw on its deep experience in the technology and training services market including its investment in FDM Group plc from 2009-14, during which time FDM’s profits grew five-fold before the business was successfully floated on the LSE in an IPO advised upon by Investec.

Sparta Global

Atnahs

Investec acts as Mandated Lead Arranger and Bookrunner for the debt financing supporting Atnahs, a speciality pharma business backed by Triton

Our Role

Investec Growth & Leveraged Finance has provided a joint underwrite of the Senior Secured Term Loan add-on for Atnahs in support of their M&A strategy.

The Deal

The financing package supported Atnahs’ acquisition of a highly complementary product portfolio, further enhancing the scale and diversification of the business.

About Atnahs

Founded in 2013, Atnahs is a leading UK headquartered specialty pharmaceutical business focused on the acquisition, development and marketing of mature branded medicines. The company is highly diversified with a portfolio encompassing 5 therapeutic areas, >20 long-established brands and nearly 2,000 individual products which are marketed to customers in >140 end markets across the globe.

About Triton

Triton is a leading mid-market private equity firm founded in 1997 with a network of 11 offices and over 180 professionals in London, Frankfurt, Stockholm and New York, amongst others. It manages c.€14bn of committed capital from investors and has sponsored nine funds since inception.   

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Ocorian and Estera

Investec Growth & Leveraged Finance provides debt financing to support the transformational merger of Ocorian and Estera, backed by Inflexion

Our Role

Investec Growth & Leveraged Finance provides super senior debt financing to support the combination of Ocorian and Estera, creating a global leader in corporate, fiduciary and fund administration services.

The Deal

The financing package will allow Ocorian and Estera to become one of the world’s leading providers of corporate, fiduciary and fund administration services globally, with the foundations to deliver growth and scalability.

About Ocorian

Ocorian offers a full suite of corporate, fiduciary and fund administration services to corporate, institutional and private investors.  The newly enlarged group offers global solutions to more than 8000 clients from 20 locations across the world.

   

About Inflexion

Inflexion is a leading mid-market private equity firm, investing majority or minority stakes in high growth, entrepreneurial businesses.

Ocorian Estera logo

Eaton Gate

Investec initially supported Eaton Gate in August 2019 with a bilateral senior debt package.

We have recently tripled our commitments, providing facilities for growth and wealth realisation. Eaton Gate is a high-growth, specialist Managing General Underwriter providing commercial insurance policies to UK businesses and home insurance to HNWIs.

Eaton Gate logo

PharmaZell Group

Investec's lending commitment will support PharmaZell's working capital requirements and support bolt-on M&A activity.

PharmaZell is a leading manufacturer of niche active pharmaceutical ingredients, recently acquired by Bridgepoint, a long-standing client of Investec, with whom we have completed six deals to date.

PharmaZell Group logo

F24

Investec has supported Hg in its acquisition of existing client, F24, and provided unitranche facilities to support F24’s second phase of growth.

F24 is the leading software-as-a-service (SaaS) provider for emergency notification services, and crisis management for critical communications in Europe.

F24

Heilbron

Investec has provided unitranche facilities to Heilbron, giving the company firepower to execute on its M&A strategy.

Heilbron, owned by Five Arrows Principal Investments, is a leading tech-enabled distribution platform in the Dutch insurance market, focused on SME and corporate customers.

Heilbron Groep

Vermaat

About Vermaat
Established in 1978, Vermaat is a specialist in tailor-made hospitality, providing premium outsourced catering services to a variety of markets including corporates, museums, hospitals and travel hubs. Today it operates over 350 premium food and beverage outlets across the Netherlands, including restaurants, cafés and canteens and has a growing presence in Germany.

The Deal
Investec acts as underwriter and bookrunner for the €520m debt package supporting Bridgepoint’s acquisition of Vermaat, a Dutch market leader in the high end catering hospitality services.

Our Role
Investec was able to deliver a significant underwrite commitment to support Bridgepoint’s bid in a timely manner.

Vermaat logo

Saal

About Saal Digital
Saal Digital, which is based in Germany and founded in 1986 by Reinhard Saal, is a leading online platform for high-end photo products. Customers are professional photographers and photo enthusiasts who are looking for the leading standards in photography. Saal offer a comprehensive portfolio of highly customisable products, including photo books, photo prints, posters, calendars, greeting cards and wall decors.

Our Role
We were able to deliver a sizeable take-and-hold amount well in advance of the bid deadline, which provided Ardian with certainty on its funding requirements for the transaction. As an existing lender to Photobox, Investec knows the online photo sector well, which allowed us to establish the Credit quality of Saal in a short timeframe. The financing allows Ardian to acquire the Company, with a view to further expand its business activities internationally.

The Deal 
Investec provided super senior debt financing to support Ardian’s acquisition of Saal Digital, a leading online platform for high-end photo products in Europe.

Saal logo

GEV Group

About GEV Group
GEV Group is a market-leading wind turbine blade repair business focusing on onshore and offshore renewable energy markets within the UK, US and Europe.

Our Role
Investec provided £7m of senior term debt facilities with £6m of working capital facilities and £1m of preferred equity co-invest. We were able to work closely with Bridges Fund Management to put in place a suitable debt structure.

The Deal
Investec provided senior debt facilities to support Bridges Fund Management’s acquisition of GEV Group.

GEV Group

Equiom

About Equiom
Equiom is a leading international specialist provider of professional administration services to private, corporate and institutional clients, offering a broad range of services to over 7,500 clients from 16 office locations around the world.

Our Role
Investec provided super senior debt facilities as part of a bank club.

The Deal
Investec has provided super senior debt facilities to support the MBO of Equiom backed by Varde Partners and LDC.

Equiom logo

Pet Family

About Pet Family

Pet Family owns and operates a portfolio of more than 150 pet retail, care and grooming outlets across the south of the UK. This includes Pets Corner, the UK’s leading up-market pet retailer stores differentiated by premium quality products and highly-trained staff. Pet Family also acquired PamPurred Pets, a portfolio of 49 stores, in May 2016, and has invested to rebrand these.

Our Role

Investec provided debt facilities to refinance Pet Family’s existing facilities and provide capital for the purchase and development of a larger warehouse to keep up with increased consumer demand.

The Deal

Investec backed Pet Family, an upmarket pet retail group selling specialist natural and ethical pet products and treatments. 

Pet Family

SERB

Investec Bank provided debt financing to support Charterhouse-owned SERB’s add-on acquisition. SERB is a European speciality pharmaceutical group focused on prescription medicines for emergency care, neurology, endocrinology and diagnostics.

SERB logo

Amann Girrbach

Investec Bank provided debt financing to support the acquisition of Amann Girrbach by Capvis.

Amann Girrbach logo

Elatec

Investec provided debt financing to support the acquisition of Elatec GmbH by Summit Partners.

Elatec logo

SVT Holding

Investec Bank provides debt financing to support the acquisition of Kuhn Group by SVT Holding.

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Sentia

Investec delivers a sizeable super senior term debt and RCF commitment to support the refinancing of Sentia Group.

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Luminati

About Luminati

Established in 2014, Luminati Networks Ltd (‘Luminati’) has grown into a market-leading provider of the largest residential IP proxy network, with more than c.35m IP addresses across the globe used by over 800 active clients.

Luminati brings back transparency to the web by enabling corporates to see the internet as real consumers do, without being blocked or spoofed, and to view the web from different users’ perspectives in any city across the globe.

Our Role 

Investec co-underwrote the senior debt package alongside Silicon Valley Bank to refinance EMK’s bridge acquisition loan to Luminati.

Investec works with entrepreneurs, management teams and private equity houses to provide finance to UK and European mid-market companies. Through our Growth & Acquisition Finance and Corporate & Acquisition Finance teams, we offer bespoke finance solutions across the capital structure from senior secured, unitranche, asset-based & cashflow lending, to minority equity on a standalone or integrated basis.

The Deal

Investec co-arranges and provides senior debt to help refinance EMK Capital’s bridge acquisition loan of Israel-headquartered technology business Luminati Networks Ltd.

Luminati

ProALPHA

About ProALPHA

proALPHA is the 3rd largest Enterprise Resource Planning (ERP) provider for small and mid-sized manufacturing companies in the DACH region, with more than 1,800 corporate customers and an outstanding track record of consistent profitable growth.

The Management team, alongside ICG, made a significant equity investment into proALPHA. The transaction was supported with a senior debt package provided by a club of banks.   

Our Role

Investec was able to deliver an early and sizeable commitment to the facilities and acted as Mandated Lead Arranger (MLA) in order to support Management and ICG in their investment.  Investec works with entrepreneurs, management teams and private equity houses to provide finance to UK and European mid-market companies. Through our Growth & Acquisition Finance and Corporate & Acquisition Finance teams, we offer bespoke finance solutions across the capital structure from senior secured, unitranche, asset-based & cashflow lending, to minority equity on a standalone or integrated basis.

The Deal

Investec delivered a sizeable senior debt commitment to support Management and ICG in their investment in proALPHA.

ProALPHA logo

Dutch Bakery Group

About Dutch Bakery Group

Founded in 1936, Dutch Bakery Group is a leading manufacturer and supplier of bake-at-home breads and savoury products in the Netherlands.

Egeria has acquired a majority stake in Dutch Bakery Group from Standard Investment.

Our Role

Investec was the sole underwriter and lead arranger of the senior debt facilities supporting the acquisition.

Investec works with entrepreneurs, management teams and private equity houses to provide finance to UK and European mid-market companies. Through our Growth & Acquisition Finance and Corporate & Acquisition Finance teams, we offer bespoke finance solutions across the capital structure from senior secured, unitranche, asset-based & cashflow lending, to minority equity on a standalone or integrated basis.

The Deal

Investec sole-underwrites and syndicates €52.5m senior debt for Egeria’s buyout of Dutch Bakery Group

Dutch Bakery Group logo

Ovo Energy

About Ovo Energy

Corgi HomePlan is a UK home service provider with a national fulfilment network of c.5,000 engineers managed through a proprietary booking platform.

Ovo Energy is a domestic energy provider and one of the major independent challengers to the ‘Big Six’ with around 700,000 customers.

Founded by Stephen Fitzpatrick in 2009, OVO Energy remains owner-managed with Mayfair Equity Partners holding a minority stake.

Our Role 

Investec provided senior secured acquisition and working capital facilities alongside HSBC to support the acquisition from the owner founder vendors.

Investec delivered a bespoke financing structure to bring together two complementary businesses and support OVO Energy’s and CORGI HomePlan’s continued growth ambitions.

The Deal

Investec Growth & Leveraged Finance supports Ovo Energy in their acquisition of CORGI HomePlan.

Ovo Energy logo

Allied Glass Group

About Allied Glass Group

The £75m package blends £36m evergreen revolvers against receivables and inventory alongside a £39m amortising cash flow tranche

It enables Allied Glass to take full advantage of growth in the gin and re-surging global whisky markets over the longer term whilst also catering for working capital and seasonality requirements

This structure gives management and shareholder CBPE Capital flexibility to invest, grow the business and realise value in their own time frame.

Our Role

Investec structured a bespoke Asset Based & Cashflow debt structure which is better suited to a manufacturer such as Allied Glass as it moves forward into its next phase of growth

Investec delivered the whole debt package through a single deal team and single set of legal documentation

Distributors and manufacturers are ideally suited to asset based and cash flow lending given high levels of balance sheet working capital held in receivables and inventory alongside cashflow to service term lending

The Deal

Investec provides £75m Asset Based & Cashflow debt package to support Allied Glass, a manufacturer of glass bottles for the premium spirits market.

Allied Group logo

James Grant Group

About James Grant Group

London-based James Grant Group (‘JGG’) is a leading provider of management and professional services to the sports, music and entertainment sectors. JGG’s clients include Ant & Dec, The Script and Davina McCall.

London-based Troika was founded in 2005 as a talent management company with a focus on TV and film talent. Clients include Graham Norton, Matt Lucas, David Walliams, Michael Fassbender and Lena Headey, among other.  

Our Role

The GAF provided a funding package to support Metric-backed JGG’s latest acquisition. The GAF team previously supported the management buyout of JGG in 2014 by Metric Capital, a pan-European private capital fund manager that invests alongside management teams to support their strategic growth plans.

The deal with Troika was JGG’s fourth transaction of 2017. GAF has previously supported the activity with Deckstar, 10 Management and Top Marquee Sports during the year. 

The Deal

Investec has provided a funding package to support the merger of Troika Talent Agents and James Grant Group (‘JGG’), a leading provider of management and professional services to the sports, music and entertainment sectors.

James Grant Group logo

NR Evans

About NR Evans

NRE is a market leading chilled and ambient logistics provider between major food manufacturers, dry goods manufacturers and retailers in the UK grocery marketplace. Founded in 1985, NRE delivers over £1 billion of chilled and ambient product annually via its well invested fleet of 180 trucks and 300 trailers.

It is headquartered in South Wales and operates out of 9 depots across the UK. The business will maintain its South Wales base, whilst integrating into NFT’s national network.

The acquisition of NRE will give NFT access to new geographical locations, new clients and offer both cost and revenue upsides. The combined group employs over 3,000 staff and generates over £200m of annual revenues.

Our Role

The structure incorporates an £8m evergreen receivables revolver alongside £5 million of long term cashflow lending catering for the acquisition, working capital and seasonal trading profile, while also allowing headroom for growth. This underpins the wealth creation journey for both management and sponsor EmergeVest.

This is another example of supporting our customers’ buy and build strategies with follow on funding – a key element of what we are designed to do.

We have strong knowledge of the logistics, distribution and food / drink markets. Companies in these segments have unique financing needs that suit our flexible lending approach and we look forward to finding more opportunities to support the sector.

The Deal

Investec Growth & Acquisition Finance has supported NFT Group’s £20m+ acquisition of owner-managed logistics company NR Evans with an asset-based and cash flow debt package of £13 million.

NR Evans logo

BM Polyco and HPC Group

About BM Polyco & HPC Group

Established in 1979, Polyco is a leading European glove company supplying premium hand protection to the professional and household markets.

HPC, established in 1968, is synonymous with supplying an extensive range of high quality disposable, infection control and consumable products to professionals.

Investec funded the vendor-backed MBO of BM Polyco in 2012 and this merger represents a pooling of expertise of two leading businesses with complimentary product ranges, brands and market opportunities. The new group has combined revenues of £130m and EBITDA of £10m.

Our Role

Our funding structure blends asset based and cashflow lending which supported the merger transaction and provides substantial headroom for ongoing working capital, seasonality and growth requirements.

The Deal

Investec has provided a £44.5m facility to support the merger of BM Polyco and HPC Group, blending receivables and inventory revolvers with cashflow term lending.

Polhyco & HPC deal logos

Palletforce

About Palletforce

Palletforce is one of the leading UK pallet delivery networks, operating a centralised hub operation / IT plaform for member haulage firms to drop off and pick up palletised goods. It enables regional hauliers to collaborate, providing an efficient national distribution capability.

The business was established in 2001 and operates from a purpose built, 380,000 sq ft depot based in Burton upon Trent. It processes c13k pallets per night and has seen consistent profitability growth over the past 7 years.

The acquisition by EmergeVest, which backs logistics businesses in the UK and China, will see continued investment in its distribution capability and opens up opportunities for international expansion.

Our Role

Our £19m structure blends revolving and term debt to support the acquisition and ongoing working capital requirements, seasonality and growth. Investec has also co-invested on a minority basis in the business.

The structure incorporates headroom to accommodate growth and underpins the wealth creation journey for both management and sponsor EmergeVest.

This transaction marks the second time we have partnered with supply chain / logistics specialist EmergeVest after we supported their buyout of chilled distri.bution provider NFT in April 2014. Long term partnerships with follow on funding in growth situations is at the heart of what we do.

The Deal

Investec provided a £19 million funding package to support EmergeVest’s acquisition of Palletforce, blending asset based & cashflow debt alongside an element of minority equity. 

Palletforce logo

Finlays

About Finlays

Finlays headquartered in the UK, has sales in excess of £300m generated from the distribution of fresh flowers, bouquets and packaged vegetables, selling to UK multiple retailers as well as European multiples and distributors.

Finlays benefits from a vertically integrated business model, owning substantial farming assets in Kenya, Tanzania and South Africa together with packing and distribution capabilities. It is the largest added-value producer and supplier of flowers and fresh produce from Africa to the EU.

Our Role

Our funding structure blends asset based and cashflow lending to support the acquisition and provide for ongoing working capital, seasonality and growth requirements.

The structure put in place brings substantial headroom to allow the business to trade through the seasonal cycles and to implement their plan for growth.

The Deal

Investec provided a £55m debt facility to support an affiliate of Sun European Partners, LLP in its acquisition of Finlays Horticulture Investments Limited and Finlays Horticulture Holdings Limited from the Swire Group.

Finlays logo

Fox International

About Fox International

Founded in 1967, Fox International is Europe’s largest private fishing tackle company.

Fox has developed a strong reputation within the specialist carp angler market through product leadership and technical innovation.

Our Role

Growth & Acquisition Finance has provided £21m of debt facilities to support Mayfair Equity Partners’ (“Mayfair”) acquisition of Fox International. 

The Deal

Investec has supported Mayfair Equity Partners’ second deal, the acquisition of Europe’s biggest supplier of fishing equipment, Fox International.

Fox logo

Motor Fuel Group

About Motor Fuel Group

MFG is a forecourt operator, operating under known brands such as Shell, BP and Costcutter, with an attractive, competitive and expanding forecourt offering around the UK.

In December 2011, Investec originally supported the Patron backed MBI of Motor Fuels Group including a portfolio of 48 petrol forecourts. Since then, the company has invested in further bolt-on acquisitions and increased their portfolio to 289 sites.

The acquisition of 90 forecourts will make MFG the second largest independent forecourt operator in the UK with a total portfolio of 379 sites.

Our Role

Investec was the preferred partner due of the strong relationship between Patron, MFG and the Growth and Acquisition Finance team in addition to the flexible debt solutions and consistently speedy processes.

The Investec Syndication Team completed a successful syndication process with £200m+ commitment.

The Deal

Investec underwrites secured debt financing for Motor Fuel Group (MFG) to refinance existing debt and fund the buy-out of 90 fuel forecourt sites from Shell Petroleum.

mfg logo

Clegg Gifford

About Clegg Gifford

Clegg Gifford is a UK based Lloyds Insurance Broker providing predominantly specialist bespoke motor insurance to the motor trade

The business has been writing insurance since 1967 and following their acquisition of Westminster becomes the UK’s largest specialist motor trade broker

The combined entity will have gross written premiums worth almost £70m.

Our Role

Working to a tight timeframe, Investec worked alongside management and advisers to provide a bespoke senior debt package to support the acquisition.

The Deal

Investec provided a £11 million senior debt facility to support Clegg Gifford & Co Ltd with the acquisition of Westminster, the direct distribution business of its sister underwriting company.

Clegg Gifford logo

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