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The Challenge
PMD were approached by a valued professional partner who introduced an IT service company looking to purchase the shares of an outgoing stakeholder ahead of their retirement.
With a tight deadline of 31st March 2025, just before the new Chancellor’s budget, the customer needed to raise £2 million quickly.
The Solution
PMD’s Structured Finance Team presented a range of funding options tailored to the client’s priorities of quantum, speed, relationship and pricing. Our consultative approach provided the customer with the confidence they needed to choose a funding partner aligned with their long term goals.
Within just 10 days of the initial meeting, we secured fully underwritten credit terms for a £2 million amortising cashflow loan under the Growth Guarantee Scheme, repayable over 60 months.
The Result
The transaction was successfully completed 28 days after the first meeting, and 3 days ahead of the vendor-imposed deadline.
The customer not only acquired the shares, but also entered into a long term banking relationship that supports their future ambitions.
"Another great new client acquisition for the PMD Structured Finance Team. We continue to build our profile in the mid market space, supporting ambitious owner managed businesses who are looking to scale and acquire. Our customer was impressed by our speed and complimentary of our practical lending experience and structuring advice. We take great pride in our professional partners entrusting us with their valued clients in this way. "