Debt advisory

Automated Systems Group

Adviser to Mobeus Equity Partners and Automated Systems Group, on their successful debt raise.

The deal

Our Corporate Finance team has successfully advised Automated Systems Group Ltd (ASL) and Mobeus Equity Partners on a debt raise through Santander Growth Capital to assist the continuing acquisition strategy of the business and provide working capital facilities.

Established in 1991, ASL is one of the 10 largest independent reprographic and print solutions suppliers in the UK. Based in Cambridge, and with over 5000 customers across London, the South East and the Midlands, ASL supply the latest technology from many of the world’s leading manufacturers, including; Kyocera, Canon, Ricoh, HP, Epson, Lexmark, Konica Minolta and Duplo.

In addition to numerous consecutive years of core business growth, ASL’s Management have developed a successful track-record of acquiring and integrating businesses in its market; having completed eight acquisitions since 2010. Growth via acquisition forms a significant part of the future strategy of the business to consolidate market position and the acquisition funding raised by the team will help accelerate this strategy.

Mobeus and ASL approached our Corporate Finance team to advise them through the debt raising process and to negotiate and deliver competitive borrowing terms. The debt was secured through Santander Growth Capital, who were attracted by the dynamic of the market, ASL’s leading position within it, and their growth to date.

“Simon and Ian’s knowledge of the debt market and expertise proved vital in helping to pull this funding package together and ensuring that we achieved a great result. Their pragmatic approach ensured the business received the right facilities to support our ongoing acquisition strategy and consolidate our market position. I’m excited that we’re now really well placed to continue our expansion and to invest further in the future of Automated Systems Group.” Mark Garius, Managing Director at Automated Systems Group.

“Simon and Ian delivered an ideal debt package. Their understanding of our requirements and clear communication from beginning to end has meant that we were able to focus on other aspects of the deal whilst they handled the complexities of the banking implementation.” Eric Tung, Partner, Mobeus Equity Partners.

Deal summary

Sector:

Business Services

Deal type:

Debt Advisory

Deal size:

Undisclosed

Simon and Ian’s knowledge of the debt market and expertise proved vital in helping to pull this funding package together and ensuring that we achieved a great result. Mark Garius Managing Director at Automated Systems Group

Related team

Ian Milne

Ian Milne

  • Partner
  • Debt Advisory
  • London West End, Reading

Simon Sherliker

Simon Sherliker

  • Partner
  • Debt Advisory
  • London West End, Reading

Related deals

Technology, media & telecoms

FourNet

Adviser to the management team of FourNet on the MBO, backed by Palatine Private Equity.

Business services

ELAB

Adviser to ELAB, an environmental process safety company, on its sale to Cawood Scientific.

Technology, media & telecoms

FourNet

Adviser to Palatine Private Equity in their acquisition of FourNet.