Reporting on a confidential basis, the business operates at the luxury / premium end of its market, serving a range of high-profile public and sporting events. Its loyal and diverse customer base reflects its reputation for first class products, specialist event experience and attention to customer service.
SME Capital provided a tailored funding package to facilitate the transaction and support the ongoing working capital requirements of the business as it continues to invest in its growth.
The transaction was fulfilled by SME Capital's deal team Paul Dolyniuk and Robert Hulse with SME Capital providing a bespoke multi-year facility. SME Capital were advised by Squire Patton Boggs led by Matthew Ingram, Ben Shore and Moneek Chahal.
Paul Dolyniuk, Regional Director, SME Capital said:
“We are delighted to support this great business. The combination of a market leading business in its luxury niche, continuity of the proven management team, and the demonstrable value added by the management team joining ensure a strong foundation for continued growth and success.
This is a great example of how SME Capital works closely with borrowers to fully understand and align with their requirements while delivering upon the terms indicated at the outset – against the backdrop of an uncertain economic climate, deliverability is key.”
Robert Hulse, Head of Channel Development, SME Capital added:
"It has been an absolute pleasure to work with this client. We take pride in setting ourselves apart through our collaborative approach to funding. Supporting such a strong market leading business in the event services industry is a first for SME Capital, and I'm sure we will see their continued growth over the coming years."
If you would like to discuss MBI and Growth Financing 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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