Overview
Our role centred on evaluating the transaction on behalf of the lender, who had no in-house corporate finance capability, and reviewing financial projections and cash flows.
As part of this process, we also advised on the negotiation of an exclusivity agreement and discussed internal credit issues and covenants attaching to an offer of debt facilities, as well as providing general financial advice.
The transaction and discussions are ongoing; a public announcement of the transaction has been made but to date no completion has been achieved due to ongoing negotiations with the independent directors.
Sector: Banking
Deal Type: Public to Private (via MBO)
Deal Value: £undisclosed
Website: undisclosed
Our Involvement
- Evaluation of the transaction on behalf of the lender
- Reviewing financial projections and cash flows
- Advising on the negotiation of an exclusivity agreement
- Discussing internal credit issues
