About the client
APS Group is a family owned business, founded in 1949. They operate across 6 sites across the UK. APS Group grow their produce in modern glasshouses featuring industry leading computerised environmental and nutritional control.
In addition, growing sites benefit from onsite Combined Heat and Power plants, a unique Anaerobic Digestion waste management facility and ground water cooled packing facilities.
About the deal
APS secured a £25m re-financing with Shawbrook Bank which will support its continued growth.
APS was advised by Neil Mitchell, Brian Higgins and Charlotte Greenhalgh at Rickitt Mitchell.
“The funding environment for businesses is more complex than ever before, with a large number of bank and non-bank debt funders providing a wider range of debt products than previously. After a competitive process we were able to provide APS with several strong options that were tailored to their requirements and reduced their borrowing costs.”Brian Higgins | Rickitt Mitchell