iomart Group refinances its debt
iomart Group plc has completed a debt refinancing. The Group has a clear strategic vision and the enlarged debt facility is a key contributor to its future growth.
iomart Group plc is a cloud computing and IT managed services business providing hybrid cloud infrastructure, network connectivity, security, and digital workplace capability. Its products enable customers to connect, secure and scale anywhere, anytime, with a 400-strong team that can design and deploy the right cloud solution for its customers.
The debt advisory team at Oaklins Cavendish, based in the UK, successfully completed the refinancing of iomart. Whilst larger than the previous facility, the new revolving credit facility provides the group with materially enhanced operational flexibility and – given the introduction of four new lenders – significant firepower to provide further lending commitments.
Talk to the deal team
Related deals
EQUA Simulation has been acquired by Glodon Company Limited
The private shareholders of EQUA Simulation AB have sold the company to Glodon Company Limited through its Finnish subsidiary MagiCAD.
Learn moreNavita has been sold to Enghouse Systems
Oria Capital has sold its portfolio company Navita to Enghouse Systems Limited.
Learn moreTotal Design has been acquired by M80 Partners
Total Design, a Netherlands-based creative and technology agency specialized in digital design, branding and communication, has been acquired by M80 Partners, a Belgium-based private equity firm. M80 is building a portfolio of best-in-class specialists in the field of digital transformation and in this platform, Total Design is given an integral role from its digital branding, communication and technology disciplines.
Learn more