Commenting on the deal, Mike Millington, Regional Director at SME Capital, said:
“We are delighted to have had the opportunity to support the growth aspirations of such a forward thinking and innovative company. Acacia provides world class training to thousands of apprentices and learners to the social and care sectors across the country from their Midlands HQ. The funding we provided will enable Acacia to help build careers for many others in the future.”
Acacia’s Executive Chair, Victoria Sylvester, added:
“The welcomed investment from SME Capital provides Acacia the platform to continue our growth within the FE and Skills sector, enabling us to introduce a new and innovative offer, which will benefit our learners develop their careers and our employers develop their workforce. We thank SME for their confidence in Acacia and look forward to a successful long-term relationship.”
The deal was introduced and advised by Shaun Knight and Tom Phillips, at BKPlus, who are the company's accountants and have worked closely with SME Capital on numerous funding opportunities.
Andrea Unwin and Francesca Sykes from Clarion Solicitors provided excellent legal support to SME Capital, managing to complete the transaction in less than three weeks from instruction.
If you would like to discuss growth finance 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.
