Matthew Ingram

Acquisition/Leveraged Finance

Banks and Private Credit Funds

• Beechbrook Capital – Senior facilities to Corbel Partners to refinance existing debt and fund its buy and build strategy.

• Blazehill Credit Opportunities – £50 million second-lien term loan facilities to support the acquisition by Sullivan Street Partners and Management of Mi Hub, and future bolt-on acquisitions.

• Clydesdale Bank/Virgin Money – Numerous acquisition finance transactions, including the senior facilities to fund the acquisitions of Millennium Data Holdings, Tom Martin Metal Holdings and GHTC (Holdings).

• Frontier Development Capital – Numerous acquisition finance transactions, including the senior facilities to fund the acquisition of Print Image Networks, the mezzanine facilities to fund the acquisition of White PD Group and the mezzanine facilities to fund the acquisition of Hawthorn Timber (and the subsequent bolt-on acquisitions of Cheshire Mouldings and SwanTech).

• National Westminster Bank – Numerous acquisition finance transactions, including the senior facilities to fund the acquisitions of Beacon Planning, Grace Cole and Neville Johnson Holdings.

• OakNorth Bank – Numerous acquisition finance transactions, including the senior facilities to fund the acquisition by Westbridge Capital Partners and Management of Aptus Utilities, the acquisition by Sullivan Street Partners and Management of Osborne Infrastructure and the acquisition by Rubicon Partners and Management of CMD.

• Shawbrook Bank – Numerous acquisition finance transactions, including the senior term loan and receivables finance facilities to fund the acquisition of F.G. Curtis, as well as the senior term loan and receivables finance facilities to fund the acquisition of Linkline Transport.

• SME Capital – Numerous acquisition finance transactions, including the facilities to fund the acquisitions of Anthony James Insurance Brokers, Tornado Storage Solutions and Tudor Wealth.

• Triple Point Asset Management – Numerous acquisition finance transactions, including the senior facilities to fund the acquisitions of Quest Agency and Mitra Innovation, and the senior facilities to refinance debt used to fund the acquisition of an industrial manufacturer.

Private Equity Sponsors and Corporate Borrowers

• Cera Care – £180 million acquisition finance facility from a US direct lender used to acquire companies in the domiciliary care sector and on several subsequent acquisitions, including the acquisitions of Mears Care, Gem Care, Premier Care and HomeCare 4U.

• Chiltern Capital – Financing numerous acquisitions, including the acquisitions of Surepharm, Hanmere Polythene and SiXworks.

• ClearCourse Partnership AcquireCo – £70 million acquisition finance facility from Sixth Street Specialty Lending to acquire companies in the payments processing sector, and on several subsequent acquisitions, including the acquisitions of KCell Services, EKM Systems and E-Works Manager.

• CMS Distribution – Term loan and invoice discounting facilities from Barclays Bank to fund the acquisition of an English and Irish group of companies.

• ECI Partners – Financing numerous acquisitions, including the acquisitions of Moneypenny Group, MPM Products and BCN Group.

• EPIC Private Equity – Financing numerous acquisitions, including the acquisitions of David Philips Furniture, Rayware and Whittard of Chelsea.

• Genuit Group PLC – Financing numerous acquisitions, including the acquisitions of ADEY, Monodraught and Davidson Holdings.

• Management Team of Viper Innovations – Financing the management buy-out of Viper Innovations, funded by HSBC.

• Moneypenny Group – £120 million senior term loan facility from Macquarie Principal Finance, and a £5 million super senior revolving credit facility from The Royal Bank of Scotland PLC, used to refinance the facilities used to acquire TDKP Limited, a global customer communications company with operations in the UK and the US.

• On The Beach Group PLC – Financing numerous acquisitions, including the acquisitions of Sunshine.co.uk, Classic Collection Holidays and Classic Collection Aviation.

• Trueman HoldCo – £50 million senior term loan facility from H.I.G. Bayside Capital Europe, and a £11 million super senior term and revolving credit facility from Investec Bank, used to refinance the facilities used to acquire Amerplast Oy, a packaging solutions company with operations in Finland, Poland, Sweden and Russia.

General Corporate Financing

• accesso Technology Group PLC – US$40 million revolving credit facilities from HSBC to provide working capital and fund accesso's future growth and innovation.

• DEA Aviation – £34.5 million term loan facilities from Santander, backed by UK Export Finance.

• Genuit Group PLC – £350 million sustainability-linked revolving credit facility from a six-bank syndicate, the establishment of a US$180 million note purchase and private shelf facility and the financing of several acquisitions, including, most recently, the acquisitions of ADEY, Monodraught and Davidson Holdings.

• James Cropper PLC – £25 million revolving credit facility from HSBC Bank and National Westminster Bank, backed by UK Export Finance, and £15 million receivables finance facility from HSBC Invoice Finance.

• Luceco PLC – Refinancing its £50 million revolving credit and receivables finance facilities with HSBC Bank and HSBC Invoice Finance and financing several acquisitions, including, most recently, the acquisition of CMD.

• LMAX Group – US$150 million financing package from Ripple, a financial technology company that offers crypto solutions for businesses, to support LMAX’s long-term cross-asset growth strategy.

• NFFC Group – Financing aspects of the sale of Nottingham Forest Football Club to NF Football Investments.

• Oliver James Associates – Senior facilities from H.I.G. Bayside Capital Europe to refinance existing debt and finance further growth.

• On the Beach Group PLC – Refinancing its existing facilities with a new £120 million revolving credit facility from Lloyds, HSBC and NatWest.

• Palatine Growth Credit – Term loan facilities to Airbox Systems to support its capital expenditure programme and working capital requirements.

• Stelrad Group PLC – Refinancing of its existing facilities with a new £100 million multicurrency term and revolving credit facilities from Barclays and NatWest.

• Studio Retail Group PLC – Refinancing its existing facilities with a new £120 million senior revolving credit facility from a six-bank syndicate, and on establishment of its £225 million receivables securitisation programme.

• Tissue Regenix Group PLC – US$20 million term loan and revolving credit facilities from MidCap Financial Trust.

• Vital Energi Utilities – Debut £175 million high-yield bonds listed on the Oslo Børs (Oslo Stock Exchange), and on its subsequent acquisition of the Port Clarence biomass facility in Teesside, England.

• The Social Investment Business Foundation – Advised this provider of finance to charities, community centres and other entities that cannot access traditional finance on over 50 investments, including those in Headingley Enterprise & Arts Centre, Tiger 11 and E:Merge Bradford CIC.

Real Estate and Infrastructure Finance

• Family Offices – Advised several Jersey-incorporated SPVs in connection with real estate finance transactions, including:

  • The acquisition and redevelopment of a central London property, using the proceeds of equity investments provided by various international family offices and ultra-high-net-worth individuals (UHNWIs), and £100 million in senior loans provided by a real estate-focused debt fund

  • The acquisition of a central London property, using the proceeds of equity investments provided by various international family offices and UHNWIs, and £36 million in senior loans provided by a real estate-focused debt fund

  • The acquisition and redevelopment of a property in Manchester, using the proceeds of equity investments provided by various international family offices and UHNWIs, and £25 million in senior and mezzanine loans provided by a bank and a real estate-focused debt fund

  • The acquisition and redevelopment of a property in Glasgow, using the proceeds of equity investments provided by various international family offices and UHNWIs, and £31 million in senior and mezzanine loans provided by a real estate-focused debt fund and a government-sponsored fund

• Handelsbanken PLC – £20 million term loan and revolving credit facilities to a retail park owner and operator.

• HBL Bank – Term loan facilities to Breathfull 4, secured against a property portfolio across the UK, and used to refinance loans originally provided by Investec Bank.

• Leeds City Council – Loan scheme for taxi and private-hire drivers designed to mitigate the economic impact of the proposed Clean Air Charging Zone in Leeds.

• Leeds City Region Revolving Investment Fund – Advised in connection with the establishment of the Fund and on several subsequent real estate finance facilities, including those to fund the construction of 330 low-carbon homes on a brownfield site in Leeds City Centre, the construction of new film and television studios in Leeds City Centre and the construction of several residential housing schemes across the Leeds City Region.

• Leisure Resorts – Term loan facilities from National Westminster Bank used to develop several holiday parks in the North of England.

• Liverpool City Region Combined Authority – Funding to Everton Football Club to develop a new 52,888-seat capacity football stadium and ancillary facilities (including public realm and heritage development) at Bramley Moore Dock, Liverpool.

• Santander UK PLC – £59 million development facility to LTE Group that, alongside additional funding from Greater Manchester Combined Authority, Greater Manchester Local Enterprise Partnership and Manchester City Council, will fund the £140 million redevelopment of LTE’s higher education estate, including the construction of a new Centre of Excellence for the Creative and Digital Industries in Manchester City Centre.

• Transport for Greater Manchester – Advised in connection with a proposed Clean Air Charging Zone across Greater Manchester and in connection with the various financial support packages being made available to mitigate its economic impact.

Asset-based Lending

• ABN AMRO Commercial Finance – Invoice discounting, property and term loan facilities to an international group of companies and on the subsequent restructuring of those facilities following a group reorganisation and corporate disposal programme.

• James Briggs – Receivables finance facilities from RBS Invoice Finance used to refinance acquisition debt and finance working capital.

• Leumi ABL and Bank Leumi – Asset-based lending and term loan facilities to Bromford Industries.

• Park-Ohio Industries Inc – US$350 million senior asset-based lending facilities from a syndicate of financial institutions arranged by J.P. Morgan.

• RBS Invoice Finance – Several cross-border receivables finance transactions, including those for MWheels, Flint Consulting and ASM Technologies.

• RBS Invoice Finance – Several asset-based lending facilities including those for Eagley Plastics, Vinyl Compounds and Bamford Contract Services.