BCN Group secures a revolving credit facility from NatWest for acquisitions.
The funding facility will support the managed service provider in executing its buy and build strategy.
BCN Group is a managed IT, cloud and digital transformation specialist based in Manchester. The firm delivers technology solutions and local support to hundreds of organisations across the north of England.
BCN Group has secured a significant revolving credit facility from NatWest to fund its ongoing acquisition strategy. The transaction will allow the managed service provider to pursue bolt-on deals and accelerate its expansion plans. Alongside the financing facility, the company has appointed David Goldie as its new chairman to oversee the corporate development strategy.
The debt package was structured by the NatWest team, with advisory support provided by Clearwater International and DLA Piper. BCN Group continues to be backed by Beech Tree Private Equity as it targets further growth in the UK market.
From the founder
"We all welcome David to the board, his experience around executing buy and build strategies will be a great help as we deliver our strategy. We are looking at several potential acquisition opportunities already which will enable us to provide an even broader portfolio of products and solutions to our clients and an increased level of opportunity for our staff. This committed facility will support our strategy and enable us to move faster when assessing strategic acquisition opportunities. I look forward to hopefully announcing our first deal in the not too distant future"
Simon Kelf
CEO at BCN Group
Investor perspective
"This is another great example of our ability and desire to support high growth, high potential SME’s achieve their strategic growth ambitions, we very much look forward to working alongside BCN to help them deliver on their exciting future plans"
Richard Smart
Managing Director, Head of Regional Structured Finance, Natwest
Use of funds
- 01Fund acquisitions
