Seller

Re-finance with

buyer

Rickitt Mitchell has advised APS on its re-financing with Shawbrook Bank

- Growth deal

- January 2020

- Value: £25m

Secured a £25m re-financing with Shawbrook Bank.

APS Group is a family owned business, founded in 1949.

Operating from 6 sites across the UK.

Client Background

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.

Rickitt Mitchell has advised APS on its re-financing with Shawbrook Bank
Rickitt Mitchell has advised APS on its re-financing with Shawbrook Bank

The Outcome

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.”

- Neil Mitchell | Partner | Rickitt Mitchell
Seller

ACQUIRED BY

buyer

Growth deal

Value: Undisclosed

June 30, 2022

Seller

Acquired by

buyer

Exit deal

Value: Undisclosed

Oct. 31, 2021

Seller

Joint Venture

buyer

Growth deal

Value: Undisclosed

Oct. 13, 2021

Seller

Acquired by

buyer

Exit deal

Value: £9m

Sept. 30, 2021