Tevalis is an award-winning EPOS, Enterprise and Integrated technology solutions provider to the global hospitality industry, headquartered in Yorkshire. Tevalis provides each client with a 360 fully connected technology ecosystem that is tailored to their specific business operation, allowing its 2,500+ global client base to digitally transform their operations.
Tevalis has installed more than 10,000 systems globally and seen as a trusted partner by its clients. Tevalis has already invested significantly in its growth strategy, and with this additional capital is in a strong position to accelerate its growth further, develop new products and integrations and increase its market share in the UK and internationally.
A bespoke 5-year funding structure was agreed with SME Capital to support the growth strategy for the business.
Tevalis CEO, James Cook, said: “This new funding is enabling us to drive growth, invest in new product development and continue providing market leading solutions to our clients and accelerate our growth strategy in the coming year"
SME Capital Regional Director, Timothy House, said, “From our first meeting with management it was clear the business provides a differentiated position in the market and is well placed to embrace the consumer habit changes in the sector. SME Capital are delighted to support James Cook MD and James Butcher FD and we look forward to working with them”.
The arrangement was facilitated by Dean Stoyanov and Christian Robinson from PWC Advisory, with Richard Sealey providing legal advice to SME Capital.
Dean Stoyanov, who structured an undisclosed bespoke lending package to assist, said, “We are very pleased to have supported James and the wider team at Tevalis deliver this deal. We were impressed with SME Capital’s ability to structure a flexible funding package that has unlocked the opportunity for Tevalis to further invest in its growth.”
If you would like to discuss refinancing and growth capital funding in more detail or our wider funding capabilities do get in touch.
About SME Capital
SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.
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