Elite Group secures £30m refinancing
Owner-operated Elite Group, a leading provider of unified communications, Cloud & IT services, has today announced it has secured a £30 million refinancing deal with Lloyds Bank.
Matt Newing, Elite Group’s Founder, says, “We’ve worked closely with Lloyds Bank for over 10 years so I am pleased that relationship will continue. With 16 successful acquisitions under our belt already, we now have a further £30m with which to continue growing through acquisition; and as always we will also continue to grow the business through organic means too.”
Rob Burbidge, Elite’s CFO, adds, “Working with Clearwater, Elite undertook a thorough review of the market and the various funding options. In many ways it was reassuring that the best solution was offered by Lloyds Bank and it meant we were able to convert an agreed offer into a signed agreement within just two weeks. To that end I am grateful to Gareth McIntegart (Elite’s in-house Counsel), together with Gareth Owen, Andy Langstaff and John Csizmadia, relationship director at Lloyds Bank.”
Gareth Owen, director of strategic debt finance for Lloyds Bank, said: “Elite Group is an innovative business that has expanded over the past few years. This is largely down to the ambition and commitment of the management team, who have continued to drive growth through strategic acquisitions. The new finance deal will provide the company with the increased headroom needed to push forward with its expansion plans, without impacting day-to-day cashflow.”
Advisors to Elite as part of the refinance:
- Debt finance advice: Tom Barnwell and Mark Ward at Clearwater International.
- Legal advice: Matt Christmas; Holly Daley and Chloe Abbott at DLA Piper.
Advisors to Lloyds Bank:
- Financial Due Diligence: Richard Harding and Steven Kingham from EY, Manchester.
- Legal advice: Richard Capper at Hill Dickinson.
Source: totaltele
Latest Jobs
-
- Senior Identity and Access Management Consultant (IDAM)
- Germany
- €70,000 - €85,000
-
(Security Consultant, Technical Consultant, Consultant, IDAM, CyberArk, RSA, Cyber, Security, Germany) Location: Frankfurt *Candidates must be EU based (Germany preferred) as our client are unable to provide sponsorship* Senior Identity and Access Management consultant (IDAM) subject matter expert is needed to lead and drive technical and or business transformation projects in a client facing position for a prestigious consultancy in Frankfurt, Germany. A broad technical knowledge across Identity and access management is essential. Technical hands-on experience with one or more of the following Ping, Forgerock, Cyberark, RSA Aveksa is highly desirable. A successful individual will be client facing and MUST be able to effectively engage, consult and provide advice to complex client engagements. The position will give the Senior Identity and Access Management consultant the opportunity to work with top tier clients with the view of making a meaningful strategic difference. If you are passionate about your industry and specialise in the IDAM space and are looking for a new challenge to step up, apply today and speak with the Security team. Call DCL Search & Selection on 0208 663 4030 and find out about more of our cybersecurity jobs. Reference: TC7528 (Security Consultant, Technical Consultant, Consultant, IDAM, CyberArk, RSA, Cyber, Security, Germany)
-
- Business Development Manager (IoT Connectivity Solutions)
- Frankfurt
- Up to €120,000 plus bonus and benefits
-
Experienced Business Development Manager is required for an expanding Service Provider to sell/position their IOT connectivity solutions into the Manufacturing Sector within the German market. This is a great opportunity to join a key player within this space, who have a number of successful projects for you to reference, they have the skills and the network but now needs the key person to help take the message to market You need to have proven sales experience within the mobile cellular IOT connectivity space and ideally knowledge of the manufacturing sector, this is a true consultancy role, you will be comfortable working with other sales team within the business but also able to directly approach key customers yourself. Great opportunity to join an expanding business as they grow their German Presence Ref: RA7259 (IoT Sales Jobs, IoT Sales, IoT Sales Executive, IoT Business Development Manager)
-
- Services Manager (Telecommunications)
- London
- Up to £75,000 plus benefits and bonus
-
Service Manager with telecommunications experience is required for a tier 1 service provider. You will be responsible for managing a number of key global account, acting as the voice of the customer within the business. Your key objectives will include: Responsibility for overall service relationship with the customer To enhance the customer experience To protect and grow customer revenues You will be working within a global business where you will be managing different services from different parts of the globe and therefore must be able to demonstrate where you have ideally worked within a similar environment. You will be a key member of the service management team responsible for a number of key accounts. You must have experience as a Service Manager from either a telecom/telecommunications or hosting business dealing with services to corporate accounts, you will need to have knowledge around telecom/telecommunications solutions. Ref: RA7255
-
- Infrastructure / Forensic Lab Manager
- London
- Up to £40,000 Base
-
Infrastructure / Lab Manager needed to join a consulting business near London Bridge. MUST be commutable on a daily basis. The Infrastructure / Forensic Lab Manager will be responsible for the upkeep, performance, security/patching etc of the hardware/software used by the consultants across the UK business. Broad IT experience covering both on-prem - Cloud (Azure) environments, Hyper V, Security Information and Event Management tools (such as SPLUNK). Specific experience with Forensic / eDiscovery Labs (Relativity / Nuix) is highly desirable. The Infrastructure / Forensic Lab manager will be a key hire within the technical team being the escalation point for any internal IT issues. Experience liaising with remote/international stakeholder is essential. All details kept in the strictest of confidence. Apply today and or contact Chris.Holt@dclsearch.com *For this position candidates must be UK based and our client is unable to sponsor candidates outside of the EU* Ref: CH7533 (Forensics Jobs, Digital Forensics Jobs, Forensics Lab Manager)