Strategic refinancing and expansion of an asset-based lending (ABL) facility for a leading UK IT distributor and managed services firm.

The challenge

A prominent UK IT distributor and managed services provider wanted to strengthen its working capital position to support the next stage of its growth journey. We worked closely with the management team to understand their strategic priorities and define the key requirements for a funding facility that would offer the flexibility and headroom needed to scale with confidence.

How we helped

After gaining a clear understanding of the group’s strategic objectives and defining the essential criteria for a futureproof funding solution, we leveraged our deep market knowledge to approach a carefully selected group of ABL lenders. This resulted in multiple credit-approved offers.

We then partnered with the management team to refine and negotiate the terms, ensuring the chosen facility aligned with both current needs and long-term ambitions. By opting for an asset-based lending structure, the facility is designed to scale with the business automatically increasing availability as the company grows.

The results

We secured a compelling set of final, credit-approved terms and proactively collaborated with lenders to minimise execution risk by front-loading key due diligence requirements to streamline the process.

Working closely with legal advisers, we reviewed and negotiated the commercial terms to ensure alignment with the group’s objectives, enabling a smooth and efficient completion.

“The Grant Thornton team provided an exceptional service from start to finish. The shape and terms of the transaction we completed on exceeded our expectations and was delivered ahead of the timescales we set. Thank you for your professionalism, rigour and client care.”​
John Hayes Warren CEO, Intec Microsystems Ltd & Kuiper Technology Ltd

About our team

We help you design your credit story and optimise the capital structure, selecting the most appropriate facilities with the right lenders to fund your growth ambitions. Whether you’re a corporate, sponsor or institutional investor, we help you find the right lender and type of debt products. Our team of deeply experienced experts know the debt market and will help you design and achieve the best funding options.
Jon Bramwell's image
Jon Bramwell
Debt Advisory Director