We advised NCMT on securing a £15m refinancing package with Santander Corporate and Commercial
Our Deal advisory team has advised NCMT Holdings Limited (“NCMT”) on securing a £15m refinancing package with Santander Corporate and Commercial. The financing package provided supports the company’s long-term succession planning utilising the Employee Benefit Trusts.
Founded in 1964, NCMT is a leading provider of high technology engineering solutions for metal cutting and grinding applications in the UK and across Europe. The company predominantly operates in the aerospace industry with a blue-chip customer base including Rolls-Royce and General Electric.
On the deal, Dave Burley, Managing Director at NCMT said:
“Following a competitive process to select our banking partner, we are pleased that Santander is supporting NCMT with this transaction and we look forward to establishing a close relationship going forward to help realise our growth ambitions.”
Emily Davis, Structured Finance Associate Director at Santander Corporate and Commercial said:
“NCMT has delivered an impressive growth record, is internationally focused and backed by an excellent management team. We are very pleased to have provided a flexible financing package to support the EBT share purchase and are delighted to be have been chosen as its banking partner at this exciting time in the company’s strategic development.”
Get in touch
If you would like any further information on this transaction or to understand how we can help support your business, please contact Paul Joyce below.
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