Minority investment by Universal Partners Investments backed by Investec Bank PLC
Techstream Group Holdings Limited
Techstream Group Holdings Limited provide IT staffing services. Operating from nine international offices across Europe, the Middle East, and Africa (EMEA), US and Asia-Pacific (APAC), Techstream partners with some of the largest blue-chip companies in the world.
“Grant Thornton were outstanding throughout what was a complex and challenging process. We would highly recommend Grant Thornton to any party seeking M&A related services.”
William Jacques, CEO, XcedeRecruitment Solutions Ltd
Strong relationships and bigger opportunities
After developing a strong relationship with both Xcede Recruitment Solutions Ltd and Etonwood Ltd, Paul Beeke (CEO of Techstream) saw a bigger opportunity to deliver a cohesive technology staffing capability to their clients.
How we helped
We helped Techstream merge with Xcede before acquiring Etonwood under the new group. To facilitate this transaction and move to the next stage of expansion, support was sought from a likeminded financial sponsor and debt provider.
During the transaction process, Universal Partners developed a strong relationship with the management team. As well as a commercial approach to a complex transaction, they also had a shared belief in the underlying strategy.
Investec provided a complementary debt package combining term debt with an asset-based lending (ABL) facility. As both funders had worked together previously, they offered a naturally complete funding solution. The entire process was supported by our corporate finance advisory, debt advisory, and financial modelling services.