Deal highlight
IDOX PLC
Our debt advisory team has advised Idox plc on the refinancing of its lending facilities.
The client
Idox plc is a leading supplier of specialist information management software and Geospatial data solutions to the public and asset intensive sectors. The group had existing facilities of £45 million and was looking to refinance to support it to deliver its strategic growth plans.
Our offering
We were initially engaged to undertake a strategic review to understand the debt capacity of the group and were subsequently engaged to refinance the facilities. Following a competitive process, new facilities of £120 million, on improved terms, were signed with the existing bank syndicate of HSBC Innovation, NatWest, and Santander.
The team
The deal team was led by Greg Moreton, Ashley Suter, Jack Williams, James Smith, Hallam Wilson, Finley McKeever, and Raoul Parekh.
What did the client say
‘I found the RSM helpful and user-friendly and was pleased with the way they drove a competitive process to get the best terms for the group.’
Anoop Kang, CFO Idox plc