Professional Services
FRP Advisory
Full Credential Description
Pixel Holdco Ltd, a mid-market IT managed service, data analytics, and cyber security service provider, faced the challenge of refinancing to support its M&A expansion plan. Backed by Chiltern Capital, the company had recently completed a bolt-on acquisition in the cyber security sector and sought to increase its gearing while securing additional facilities for further acquisitions.
To address these needs, we’s Debt Advisory team was appointed as exclusive debt advisers. They initiated a competitive debt raising process, creating comprehensive debt briefing materials to effectively present Pixel to potential lenders. The team collaborated with Pixel to develop a concise management presentation and assisted in negotiating financing terms, ultimately securing credit-backed proposals. Throughout the engagement, we provided senior-level support during the negotiation of legal documents alongside legal counsel.
The outcome of this collaboration was the introduction of Tosca Debt Capital, which provided a flexible, bilateral funding package. This bespoke deal not only increased liquidity within Pixel but also offered additional funding to facilitate further M&A opportunities. Notably, this included the acquisition of Technique Limited, a mid-market managed service provider in Thatcham, Berkshire, which strategically positioned Pixel as a national, cloud-centric IT services platform.