Deals

A pair of entrepreneurs have continued to develop and expand a leading IT and managed services platform following the acquisition of Novem, a South Manchester-based managed services provider. The acquisition was supported by private credit provider, TDC. Alex Heslip and Chris Earle exited from Verastar in 2021, setting out on a buy-and-build strategy to create...

The MCG Group has secured a £20 million funding package from Tosca Debt Capital LLP (“TDC”) to support its ambitious growth plans. The MCG Group was recently named as one of ‘The UK’s 100 Best Mid-Sized Companies to Work For’ as well as one of ‘Recruitment’s 40 Best Companies to Work For’ by the Best...

Specialist mechanical, electrical and environmental services consultancy The GDM Group Limited, has completed a management buyout and subsequent merger with Concourse FM, a facilities management firm. The terms of the deal are undisclosed. GDM is a London-based consultancy that delivers design and project management services in the UK and internationally. Founded in 1991, GDM has...

Keysource, a specialist in data centres and critical environments, has successfully completed a management buyout (MBO), led by Stephen Whatling. The transaction was backed by Tosca Debt Capital (TDC) and Shawbrook Bank, who provided equity finance and debt funding respectively. Terms of the deal are undisclosed. Based in Gatwick, Keysource has been a specialist in...

The boss of construction company The Morrisroe Group has acquired a majority stake in Watford-based demolition specialist CANTILLON. The move by Brian Morrisroe is expected to broaden the portfolio of the Hertfordshire-headquartered group. Brian said: “I am delighted that The Morrisroe Group has acquired a majority shareholding in CANTILLON, a highly respected market leader in...

Veezu has today announced an exciting new finance facility with Santander and Tosca Debt Capital to enable it to further grow its positioning as the UK’s largest multi-region private hire taxi company. The arrangement will fully refinance Veezu’s capital structure to enable it to bolster its market-leading positioning. Veezu, which was founded in 2013, operated...