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!
This is a highly organised facilities management business providing a broad range of property and cleaning services to the medical, care and hospitality sectors. Customers are contracted on a PPM basis.
LEASEHOLD
This is an opportunity to acquire a long established and consistently profitable highways maintenance company specialising in road planing. The company premises are located near the South East Coast from this location it is able to cover all of the S...
LEASEHOLD
Suppliers of specialist irrigation products and installation / maintenance services forcommercial and domestic irrigation systems. Clients include private households, landscape designers and contractors, businesses, sports and leisure facilities (bow...
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.