Banking Transactions completed. March 2011.
Kinloch Corporate Finance has been busy in February and March completing several banking transactions. In each case the client benefited from KCF range of contacts in banking and were guided by the KCF team in preparing quality financial business plans and forecasts which assisted the banks in approving the funding. The deals completed were as follows : ( 1 ) . KCF arranged a new bank facility of £2.6m for a digital marketing company based in Nottingham which is being used for expansion following the acquisition of a smaller rival company. This completed in early February. The new group now has turnover of £8m.( 2 ) . KCF arranged long term debt of £3.5m for a long standing client in the carehome sector to be able to purchase another 70 bed carehome in Worcestershire which was being sold due to the retirement of the owners.( 3 ) . KCF has arranged a facility of £300k for an entrepreneur to purchase an established medical diagnostics company which will be based in the North West . This is the first of a number of acquisitions that our client will make in this sector.
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