Wed, 19 May 2021 | BUSINESS NEWS
Southampton-based fire safety and security compliance firm Churches Fire has received a £75 million refinancing package to enable it to continue its acquisitive growth. Churches Fire's acquisition strategy has been backed by private equity firm Horizon Capital since 2017. Since then, it has acquired 14 companies, growing to serve more than 15,000 UK customers.
The new funding package will give Churches Fire the capacity to proceed with its buy and build strategy. The company, which provides a comprehensive range of fire and security safety and compliance solutions, has a pipeline of new acquisitions lined up for this year and beyond.
The funding was coordinated by HSBC UK with the support of partners HSBC Asset Management, Siemens Bank and Northleaf Capital Partners. Clearwater International acted as advisers to Churches Fire on the deal.
Adam Lewis, non-executive at Churches Fire and Horizon Capital Partner, commented: “The refinancing with support from HSBC and its partners enables Churches Fire to continue on its journey towards becoming the largest independent fire & security compliance services group in the UK.”
“It was a pleasure working with the Clearwater International Debt Advisory team. Their sound market knowledge and management of the refinancing process has secured the right funding package to support our continued investment in Churches Fire.”
Clearwater International Debt Advisory Partner Chris Smith added: “We are delighted to have advised another Horizon Capital portfolio company on a successful refinancing. HSBC UK and their lending partners moved efficiently through our process, putting in place a very flexible and competitively priced structure.”
“Churches now have significant firepower to continue their growth strategy with the backing of both a strong private equity house and highly supportive debt partners.”
Learn more about how to power your acquisition drive with private-equity backing.
Find businesses for sale here.
If you are looking for an exit, we can help!
Specialises in providing high-quality, comprehensive electrical installation and support services and has maintained an excellent reputation for its technical expertise and dedication to complete client satisfaction. Works with circa 300 clients pres...
LEASEHOLD
Provides a comprehensive range of services for operators of walking and moving floor trailers, including sales of new / used units and spare parts and repair work. Excellent relationships with a number of major trailer manufacturers, enabling lower p...
FREEHOLD
Supplies recycling equipment to its clients, with all waste collected on a schedule that suits the needs of individual organisations. UKSSA certified, providing the opportunity to introduce a secure shredding service. Caters to circa 60 commercial cl...
FREEHOLD
|
30
|
|
Nov
|
Chartered accountancy firm secures loan for acquisitive growth | BUSINESS NEWS
Chartered accountancy and business advisory firm Cottons Gro...
|
29
|
|
Nov
|
Water and environmental firm acquired at nearly 14x profits | BUSINESS SALE
Enisca, a multi-disciplinary engineering firm operating in t...
|
28
|
|
Nov
|
Optimo Care Group continues acquisitive expansion | BUSINESS SALE
Care provider Optimo Care Group has continued its expansion ...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources