2021

Year

Refinancing

Transaction Type

Technology

Sector

Ideagen plc

Client

NatWest & Santander

Lenders

Ideagen Plc | NatWest & Santander

finnCap Debt Advisory supports Ideagen Plc on £75m debt refinancing

Ideagen plc (“Ideagen” or the “Group”), a leader in compliance software for regulated industries, is pleased to announce it has extended its total available debt facilities to £100m through a new committed credit facility of £75m with an approved but uncommitted accordion facility of up to £25m (replacing existing facilities of £50m).

Emma Hayes, CFO, Ideagen: “We want to give a huge thank you to the finnCap Debt Advisory team for their support and advice with the refinancing. Whilst we were confident there would be bank appetite to support the Group’s M&A aspirations, the dynamic of bouncing ideas off Alistair and Graham proved incredibly useful. We have now secured enlarged debt facilities with a new partner on board, strong commercial terms and with the desired flexibility to support the next phase of growth.”

Alistair Hay, Partner & Head of finnCap Debt Advisory: “We are pleased to have supported Ideagen on securing a £75m club facility. The Group has benefitted from a supportive partner in NatWest over a number of years but, like many successful businesses, their growth ambitions required bringing another bank onboard. Alongside NatWest, Santander is the ideal partner to support both Ideagen’s current and future financing requirements.”

Key Contacts

Alistair Hay

Partner & Head of Debt Advisory

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Graham Cooke

Partner, Debt Advisory

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Krishan Raval

Associate Director, Debt Advisory

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