Shawbrook Bank has provided a £6m credit facility to Aliter Capital LLP for the acquisition of network infrastructure services provider Pinacl Group.
The specialist bank used a new senior structured debt product, which is typically made-up of an amortising term loan and an interest-only element.
“As a business that is looking to expand through acquisition, finance is vital,” said Andrew Busby, founding partner at Aliter Capital.
“But not only that, we need a bank that is easy to deal with, can work quickly and that has faith in what we are trying to achieve.
“Having worked with Shawbrook on two major deals in the past year, I can say it ticks all three of these boxes.”
Kelly Henney, relationship director at Shawbrook, added: “Andrew and the team at Aliter Capital are focused on delivering a very exciting strategy, which we’re delighted to be supporting.
“Knowing the team and having flexibility in our product range meant that we could move very quickly on this transaction.”
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