Recent transactions

January-2017

Term loan secured against WIP

Sector Financial services
Facility type
Secured term loan
Lender type Alternative lending platform
Size Undisclosed
CreditSquare arranged a term loan for RedStar Financial Services, which allowed the management team to further expand the business.

December-2016

Unsecured Mezzanine loan

Sector Professional services
Facility type
Unsecured term loan
Lender type Family office
Size Undisclosed
CreditSquare advised Stirling Chase, an investment company, on arranging an unsecured Mezzanine loan for the purpose of refinancing deferred consideration.

November-2016

Innovative real estate portfolio financing

Sector Real Estate
Facility type Secured term loan
Lender type Credit Fund
Size £ 6,500,000
CreditSquare advised Kazai Capital, a property investment company, on obtaining financing to expand its operations. The business came to CreditSquare because it was unable to obtain traditional financing since it trades a large amount of houses every month, which means that neither a traditional stock facility nor mortgage loans would work. As such, CreditSquare sourced funds from an alternative lender who could take a more pragmatic view of the property portfolio.

September-2016

Specialty property financing

Sector Real Estate
Facility type Bridge / Development Loan
Lender type Credit Fund
Size £ 2,100,000
CreditSquare advised Reditum Capital in the financing of a property in the South of London. The financing was a combination of bridge and development financing and a core part of Reditum's ongoing business activities.

September-2016

Finance for share repurchasing and growth capital

Sector Manufacture and retail
Facility type Secured term loan
Lender type Alternative lending platform
Size Undisclosed
CreditSquare advised a manufacturer and retailer of bathrooms on raising finance to allow the management team to gain 100% control of the business and to fund the growth of the business via a continued store roll-out.

August-2016

Working capital facility secured against WIP

Sector Financial services
Facility type Secured term loan
Lender type Alternative lending platform
Size £ 1,200,000
CreditSquare advised RedStar, a claims business, on obtaining growth finance to enable the business to process a higher percentage of financial claims in-house. The funding was placed with an alternative platform lender who could take a pragmatic view on the business's substantial WIP assets.

August-2016

Debt advisory for a distressed education business

Sector Education
Facility type n/a
Lender type n/a
Size n/a
CreditSquare advised and supported the business in its discussions with the incumbent lender, which had commissioned an independent business review and considered enforcing their security. In addition, CreditSquare sourced and arranged backup financing to give the business comfort should the incumbent lender decide not to support the business further.

March-2016

Acquisition financing

Sector Financial Services
Facility Type Secured term loan
Lender type Alternative lending platform
Size £ 2,000,000
CreditSquare advised Tavistock Invstments Plc, the AIM-listed financial services group, on the debt financing for its acquisition of Abacus Associates Financial Services Limited. CreditSquare worked exclusively with Tavistock to arrange a term facility from Assetz Capital that met the requirements set out by the client and enabled them to complete a significant corporate acquisition. Please click here for the public announcement.

February-2016

Working capital for apparel brand

Sector Apparel
Facility Type Supplier finance
Lender type Specialist provider
Size n/a
CreditSquare advised a growing manufacturer and retailer of women's apparel on obtaining additional funding for stock and creditors to enable accelerated growth. CreditSquare arranged a facility junior to its existing bank debt, which enables the client to advance cash against creditor invoices and thereby closing the working capital gap.

January-2016

Refinancing

Sector Professional Services
Facility Type Secured term loan
Lender type Bank
Size £ 1,000,000
CreditSquare advised a client on the successful refinancing of their existing debt, lowering their cost of funding and achieving a more appropriate structure.
 

December-2015

Working capital for large kitchen retailer

Sector Consumer durables
Facility Type Working capital
Lender type Bank and bridge lender
Size £ 1,700,000
CreditSquare advised a client with a seasonal working capital trough that needed financing. We combined an RCF from their incumbent bank with a bridge facility from a specialist provider to meet the company's needs.
 

September-2015

Second growth financing for offshore oil services group

Sector Oil & gas
Facility Type Term loan (bullet)
Lender type Credit fund
Size $ 5,000,000
The client borrowed an additional $5mm, enabling it to take advantage of market opportunities.
 

June-2015

Working capital funding for children's toys manufacturer

Sector Manufacturing and retail
Facility Type Working capital - flexible CID
Lender type Crowdfunding platform
Size n/a
CreditSquare advised a fast-growing manufacturer and retailer of children's toys on a flexible working capital facility which enabled the company to fund growth without raising additional equity.
 

January-2015

Plant hire and manufacturing refi

Sector Plant hire and manufacturing
Facility Type ABL plus amortising term loan
Lender type Foreign bank
Size £ 7,500,000
CreditSquare advised management in a family-run business on a refinancing of the operations. The client is a well-established and profitable business that had encountered cash flow issues caused by aggressive capital expansion that was largely funded by hire-purchase contracts amortising over a very short period. We refinanced their portfolio of lenders to a foreign funded challenger bank that was able to align the amortisation of the debt to the depreciation of the machinery, having a large positive impact on the client's cash flow.
 

December-2014

Property refinancing

Sector Real estate - mixed use
Facility Type Commercial mortgage
Lender type Foreign bank
Size £ 10,200,000
CreditSquare advised an entrepreneur and property owner on the financing of a prime central London property where a traditional mortgage was unavailable due to mixed use of the property and planning issues. CreditSquare arranged a mortgage from a foreign bank that was able to take a dynamic view of the transaction.
 

June-2014

Funding for the MBI of a facilities maintenance company

Sector Professional services
Facility Type 3y Term loan with balloon repayment
Lender type Marketplace lending
Size £ 1,400,000
CreditSquare advised an entrepreneur on financing the acquisition of a London-based facilities maintenance company. The transaction comprised cash equity, deferred consideration and senior debt, where CreditSquare arranged the debt via a marketplace lending platform. At the time, the transaction was the largest ever peer-to-peer-financed LBO.
 

March-2014

Growth capital for an offshore oil services group

Sector Oil & gas
Facility Type Term loan (bullet)
Lender type Credit fund
Size $ 10,000,000
CreditSquare advised management and the board on the arrangement of a growth capital facility for an international offshore oil services group. The capital was earmarked for capital expenditure and was sourced from a specialised credit fund backed by pension money.