Grant Thornton advises Ascenti

Ascenti Health Limited (‘Ascenti’), a bd-capital portfolio company, is one of UK’s largest independent providers of physiotherapy and selected clinical outsourcing solutions to both the private and public sectors with over 300+ clinics nationwide. Ascenti sought to refinance its existing Asset Based Lending (‘ABL’) facilities, aiming to secure additional working capital and enhanced headroom to support its future growth strategy.

We supported the client by introducing them to lenders with suitable appetite and developing a robust, data-led credit narrative to support underwriting of the debtor book. This included advising on the selection of valuers with the relevant expertise to enhance lender confidence, as well as providing financial modelling support.

Through focussed negotiation and proactive stakeholder management, we maintained momentum throughout the process to deliver the best available outcome.

We successfully delivered a highly tailored receivables financing facility alongside a cash flow loan from a specialist private credit fund.  

We negotiated operationally flexible terms, enabling Ascenti to operate with minimal constraints. The facility provides optimal liquidity and working capital headroom to support Ascenti’s future growth strategy.