The Equiom Group, the leading international trust and corporate services provider, has secured a substantial increase to its debt finance package following a period of sustained growth which has seen the business meet and exceed its five-year plan in just 30 months.
Joining RBS and Santander in the banking club will be M&G and Lloyds Bank plc. LDC, Equiom’s equity partner, continues to support the management team, in achieving its global ambitions.
Commenting on the transaction Sheila Dean, Equiom’s Global Chief Executive Officer, said:
‘We have experienced significant growth over the past two and a half years, exceeding our expectations, and have completed a number of successful acquisitions, both in Europe and Asia. We plan to continue with our twin track approach of organic and acquisitive growth. The capital raised by this financing package will support continued investment in our infrastructure and will fund future acquisitions as we seek opportunities in our existing markets, enter new markets and acquire complementary businesses.’
Nick Evans, Director of Leveraged Finance at RBS, added:
‘The Equiom team has worked exceptionally hard in recent years to not only secure high-quality acquisitions in key jurisdictions, but also continually drive organic growth. Equiom is now a business of considerable scale and it has been a pleasure working with the board to construct a financing package that will allow management to continue to develop the business and deliver its growth ambitions in the years to come.’
Yann Souillard, Managing Director of LDC’s Reading office, continued:
‘We are continually impressed by the pace set by Sheila Dean and her team. Over the past two and a half years Equiom has tripled in size while investing in its global infrastructure, and the additional debt capacity will help the business continue with its growth strategy. LDC is looking forward to supporting the Equiom team in the future.’
Photo - Sheila Dean, Global Chief Executive Officer, Equiom Group.
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