Improve International has raised funds
Improve International Limited has completed its recapitalization through a US$7.7 million revolving credit facility provided by Santander. In June 2020, Improve International, a carve-out from Benchmark Holdings Plc, was sold to RJD Partners. The deal was equity-underwritten by RJD at the time, with the intention to repay capital 12 months later.
Founded in 1998, Improve International is the UK’s largest private provider (and a global provider) of postgraduate training for all veterinary practice staff. Improve’s primary business is the delivery of veterinarian training, with courses focused on CPD and postgraduate qualifications. The group also has another arm, ISVPS, which provides independent accreditation and certification of Improve’s courses. The business has 84 employees and operates from offices in Swindon, UK, and Porto, Portugal.
Oaklins Cavendish’s debt advisory team, based in the UK, supported Improve International through a full debt raising process, inclusive of preparing a lender information pack, review of financial model, agreeing lender approach, engaging with the lending community, arranging management presentations, overlaying the covenant structure into the finalized model, review of terms sheets, negotiating the most appropriate terms, navigating Santander through their final credit approval committee and leading negotiations on legal documentation.
CFO, Improve International Limited
Talk to the deal team
Bockholdt GmbH & Co. KG has been acquired by STRABAG PFS
The private shareholders of Bockholdt GmbH & Co. KG have sold the company to STRABAG Property and Facility Services GmbH (STRABAG PFS).Learn more
Cleanroom Combination Group has been acquired by Craft Capital
Cleanroom Combination Group (CCG), a Netherlands-based leading player in the design, construction and maintenance of high-quality cleanrooms, has been acquired (majority) by Craft Capital, a Netherlands-based private equity firm. By joining forces, CCG will accelerate growth in the market of cleanrooms.Learn more
Litecad has been acquired by The Specialist Group
Litecad, the Netherlands-based engineering firm and provider of technical secondment services, has been acquired by The Specialist Group (TSG), a leading provider of technical engineering specialists for sectors such as power, chemicals, infrastructure, renewables and life sciences. Together, TSG and Litecad will continue supporting clients in their transition towards new energy and sustainable operations.Learn more