Corporate Finance

FRP deal secures funding facility for Greenzone

Corporate Finance team designs structure for partial shareholder exit and future growth

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.

Our Corporate Finance team designed and advised on the structure, preparing and stress testing a fully integrated financial model. James Cooper Corporate Finance

Related team

Dave Howes

Dave Howes

  • Partner
  • Corporate Finance
  • Norwich

James Cooper

James Cooper

  • Director
  • Corporate Finance
  • Norwich