Kevin Tranter, CFO:
“Following the Mobeus-backed buyout in 2016, we were keen to optimise the flexibility in our debt facilities in order to better manage the new capital structure and maximise our liquidity. Cadence produced a detailed review of the business, including detailed analysis of the receivables, and demonstrated a thorough understanding of the UK ABL market to deliver a well-structured and cost effective secured-debt solution.
Our ABL facility fully unlocks the value of our significant export receivables, as well as the cash tied up in our fixed assets.”
Richard Babington, Mobeus:
“Cadence provided Mobeus with strategic debt advice throughout the acquisition of the Arc Group, and we subsequently engaged them to oversee the refinance of the Group.
Working in partnership with management and Mobeus, Cadence devised a detailed debt structure which fully meets the requirements of the Group, as well as enabling us to service our loan notes.
The team at Cadence managed the entire process, including co-ordinating all third party inputs and lender negotiations, and delivered an excellent solution for the business.”