Asset based lender Venture Structured Finance
has provided medical recruitment specialist DRC Group with an £11.5
million (€13.2 million) funding package to assist its acquisition
by private equity firm Hamilton Bradshow.
The ABN AMRO-owned financier provided finance
through a receivable finance package combined with a cashflow term
loan.
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The deal, which was negotiated by Hamilton
Bradshow’s MD Tristan Ramus, sees the private equity firm acquire
90 percent of the DRC Group.
Hamilton Bradshaw’s CEO James Caan said: “I am
pleased that Venture Structured Finance was able to work so quickly
to provide a suitable package. The funding line will allow for both
instant and ongoing financial support.”
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