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We're delighted to announce that LGF Partners has advised takepayments on a £12m senior RCF and term loan debt facility.
takepayments (formerly known as Payzone UK) is one of the UK’s leading providers of payment solutions to the SME business community. We worked closely with the senior management team to help develop a different approach to accelerating their growth potential and are proud to have helped this existing client arrange a senior debt facility which will be used to finance further expansion of the takepayments’ business across the UK.
Commenting on the new facility, Clive Kahn, takepayments’ CEO, said
“This transaction represents the second debt raise that Neil and LGF had advised us on It also represents the second occasion that they came up with the goods and introduced us to several interested parties in what would normally be considered a difficult period to raise debt. I would have no hesitation to use LGF again or recommend them to others.”
Mark Dann, Group CFO added
“Neil handled the end to end debt raise process for us, lining up relevant potential lenders and assisting in all matters from initial RFI, through presentations/Q&A and eventually term sheet negotiations. I wouldn’t hesitate in recommending Neil and the LGF team to other CFO’s who are looking to raise funding.”