Large Management Buyout Loan for Talent Development Firm
22nd February 2024
- Client: Market Leading Recruitment Business
- Loan Amount: Approximately £1,300,000m
In this case, Enness was approached by a prestigious talent development firm that operates out of the UK. The client wanted to buy out their business partner and was looking for a loan to enable them to buy the shares. The money would, in essence, go to the business partner, and the business partner would transfer their shares in the company to our client.
There were very few challenges with this case. This is because the client had clean credit, the business sector was excellent, and the business profitability was high. This meant we could reach out to many of the high-street corporate lenders we have relationships with to obtain the best possible terms.
Moving quickly, Enness managed to secure terms from a high street bank that provided a business term loan at 2% + base for approximately four years.
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