Langdon Capital was approached by a UK property investor with total assets worth £90m to refinance £14m of their debt portfolio which had fallen into arrears due to the persistence of a sharp drop in occupancy rates and market values which began during Covid. In a time sensitive situation, we requested sight of the investor's entire portfolio to conduct analysis. We established that no lender would be willing to refinance only the bad debt portion of debt. We informed the cli

Langdon Capital is currently helping a UK manufacturing business, with £6m revenue and £1.5m EBITDA, acquire two competitors, with a combined £13m in revenue and £3m in EBITDA, for a total consideration of £14m, comprised of day1 cash consideration, performance related earn outs and rollover equity. Involve us right from the start to get best results Through leveraging our expertise, our client has been able to finance the double acquisition entirely through debt. We started

Acquiring a business in the small cap and lower mid-market space can be a highly lucrative strategy for entrepreneurs and investors seeking to expand their footprint. However, securing the right financing structure is crucial to ensuring a successful transaction while preserving cash reserves. This article explores how to minimise equity contributions by leveraging various forms of debt and deferred consideration, enabling acquisitions with little to no upfront equity from th

Development finance is a specialised form of funding used in property development projects, which encompasses everything from small residential builds to large commercial real estate projects. It provides the capital required to purchase land, cover construction costs, and sometimes even manage costs post-completion until the property is sold or refinanced. This type of finance is typically short-term, ranging from 6 months to 3 years, designed to support the various stages o

In today's dynamic business environment, securing capital for growth can be challenging, especially for companies with substantial recurring revenues. Traditional financing options often fall short in addressing the unique needs of such businesses. Enter recurring revenue factoring—a tailored solution designed to unlock growth potential for companies with steady annual recurring revenue (ARR). Understanding Recurring Revenue Factoring Recurring revenue factoring is an innovat

I was speaking with a sector head of corporate banking at a global investment bank last week. He told me about an innovative debt financing product they were offering their corporate client base - the Dynamic Revolving Credit Facility (RCF). This solution promises to streamline the upsizing process for corporates, particularly those in the technology sector, by tying credit availability to performance metrics rather than traditional financial reporting. In this article we exp

Understanding the intricacies of corporate administration is crucial for business leaders and stakeholders. This article explores what administration entails, why companies enter this state, the procedural steps involved, the consequences for the company, and the potential for recovery. What is Administration? Administration is a legal process aimed at rescuing financially troubled companies, preventing insolvency, and maximising returns for creditors. This involves appointin

Board approval plays a significant role in the transactions we support companies with as corporate financiers. Navigating corporate governance is critical for the success and sustainability of any company. Board approval plays a pivotal role in ensuring that significant decisions align with the company’s strategic objectives and regulatory obligations. This article delves into the types of decisions that necessitate board approval, the mechanics of how board approval works, a

A prepack sale, short for pre-packaged sale, is a type of insolvency procedure often used in the United Kingdom. It involves the pre-arranged sale of a company's business and assets before the company formally enters administration. Here’s a detailed look at what a prepack sale entails. What is a Prepack Sale? A prepack sale is an arrangement where the sale of all or part of a company's business and assets is negotiated and agreed upon before the company formally goes into ad

When businesses enter periods of financial distress and are no longer going concerns, with limited time before all sources of cash and liquidity are exhausted, turnaround capital often emerges as the lifeline needed to restore stability and growth. This crucial form of financing involves injecting funds into distressed companies to enable strategic transformations and operational revitalisations. But what exactly does turnaround capital entail, and what do equity investors se

With interest rates already starting to decline in Europe and expected to follow suit in the US and the UK, businesses with debt are...

In property development, managing multiple developments concurrently often results in juggling various financing arrangements, each with...

Raising capital or preparing for a potential sale is a critical phase for any growing company. This process often involves a...

In mergers and acquisitions (M&A), two primary transaction structures dominate: share sales and asset purchases. While both methods aim...

Corporate structures play a crucial role in the strategic planning and execution of M&A deals. One prevalent structure is the holdco-opco...