Recent transactions

June-2018

CreditSquare raises £22m for the acquisition of a Fitzrovia office block

Sector Real Estate
Facility Type Senior and Mezzanine Bridge Loan
Lender type Family Office
Size £22,000,000
CreditSquare is pleased to announce that it has successfully raised £22m of debt financing for the acquisition of an office block located in Fitzrovia in central London. The acquired asset is a 1930's art deco building with a net internal area of 15,000 square feet distributed over seven floors, with external terraces on the two top floors. The vendor, a large institution, sought a quick sale because its tenant had unexpectedly been put into administration and vacated the premises. CreditSquare secured the debt financing from two large family offices, who provided a senior facility and a mezzanine facility, which allowed our client to execute the transaction in three months.
 

June-2018

Ongoing business advisory for a motorsport tyre business

Sector Motorsport
Facility Type n/a
Lender type n/a
Size n/a
CreditSquare is presently working with a motorsport tyre business, providing it with ongoing advice and support. In the fourth quarter of 2017 CreditSquare arranged a short term working capital facility for the business, and are presently supporting the business in obtaining longer term growth capital.
 

June-2018

Acquisition finance for a precision engineering business

Sector Manufacturing
Facility Type Cash Flow Loan
Lender Type Credit Fund
Size £10m
CreditSquare supported an American corporate on its acquisition of a family-owned precision engineering business based in the north of England. CreditSquare worked with the client to determine the most appropriate funding structure, ran a focussed process to select the most suitable funder and then supported the client through the financial due diligence process all the way to completion.

April-2018

Acquisition finance for a plumbing and heating business

Sector Plumbing and Heating
Facility Type Cash Flow Loan
Lender Type Credit Fund
Size £3.7m
CreditSquare was brought into the process by the sell side adviser because the sale process had stalled and financing was needed quickly to ensure that the deal completed. CreditSquare worked with the buy side team to determine an appropriate funding structure, introduced a suitable funder and then supported the process through completion.

January-2018

Acquisition capital for a software business

Sector Software as a Service
Facility Type Cash Flow Loan
Lender type Credit Fund
Size £1,000,000
CreditSquare advised the buyer of a software business specialising in the development and provision of IT systems and services to the automotive sector. The transaction completed in less than 5 weeks from the first meeting with CreditSquare.
 

December-2017

£30m facility for a secured lending business

Sector Short term lending
Facility Type Revolving credit faciltiy
Lender type Family office
Size £30,000,000
CreditSquare advised Fresh Thinking Partners, a lending start-up, on raising a £30m credit facility. The facility will allow Fresh Thinking to grow a loan book of high quality SMEs in the United Kingdom.
 

November-2017

Working capital for iconic handbag brand

Sector Retail
Facility Type Secured term loan
Lender type Peer-to-peer platform
Size Undisclosed
CreditSquare advised an iconic handbag brand on raising new debt financing to give the business sufficient working capital.
 

September-2017

Refinancing and growth funding for a provider of serviced offices

Sector Serviced offices
Facility Type Secured term loan
Lender type Peer-to-peer platform
Size £3,100,000
CreditSquare advised Prospect Business Centres, a provider of serviced office space, on raising new debt financing to replace existing debt on improved terms and to fund the opening of new sites.
 

August-2017

£25m facility for the acquisition of a specialist care homes group

Sector Care homes
Facility Type Secured term loan
Lender type Direct lender
Size £25,000,000
CreditSquare arranged a £25m facility for Raphael Hospital's acquisition of another specialised care homes group. CreditSquare worked alongside Castle Corporate Finance who were the lead advisers on the deal.
 

June-2017

Real Estate Bridge Loan

Sector Real Estate
Facility Type Bridging Loan
Lender type Real Estate Specialist Lender
Size Undisclosed
CreditSquare advised on and arranged financing for a real estate investor acquiring a detached house in Surrey. The firm sought flexible capital that would allow it to develop the site and sell it in a short time frame, and the solution arranged by CreditSquare provided this.
 

March-2017

Working capital facility for superconducting magnet manufacturer

Sector Manufacturing
Facility Type Working Capital Loan Facility
Lender type Credit Fund
Size Undisclosed
CreditSquare arranged a working capital facility for a manufacturer of superconducting magnets and low temperature measurement systems. The business required the facility, which sits alongside existing banking facilities, to fund growth related working capital.
 

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.