Background

Greenzone Software Development Limited, based in Nottinghamshire, specialise in waste brokerage and waste recycling solutions on a national basis. Founded in 2007, the company has built a strong industry reputation by providing a market-leading service offering to an established blue-chip client base, and has achieved strong year-on-year growth. Following the decision of two of the shareholders to retire, the continuing founder shareholders engaged FRP to design the most efficient debt-led structure that would facilitate the exit of the departing shareholders.

Action

Our Corporate Finance team designed and advised on the structure, preparing and stress testing a fully integrated deal structure with an overlaid financial forecast. The team presented the business to the prospective funder to secure a credit-backed funding offer, and project managed the external due diligence process. FRP also advised on all taxation structuring matters, including obtaining the necessary HMRC tax clearances.

Outcome

The team secured a new term debt facility for Greenzone, providing the company with the opportunity to restructure the management team and strengthen the platform to continue its strategic business plan.