landmark investment deal
the challenge:
The Ketech Group was facing hard times after struggling to raise
capital during the credit crunch. They sought an investment of up
to £2million from the new Capital for Enterprise Fund, set up to
provide long term equity investments in companies with growth
potential. This was the first investment made by the fund and, to
secure a successful future for the group, the deal had to complete
within a very short timescale.
our approach:
Due to the timescales on the project, we had two weeks to
complete the investment. Our experience of private equity
investments and our full service offering within a short distance
of the group’s Nottingham base enabled us to meet the timetable.
The legal structure was complex, particularly given the
relationship between Government funding and other providers of
finance to the group and the need for expedited due diligence. We
adopted a commercial approach to deliver the necessary protection
to the group and the existing shareholders while ensuring that the
criteria for Government lending was met.
the result:
This was a landmark deal which has provided the group with the
necessary funding for current trading and future expansion
plans.