Thursday, 16 June 2016

First Names Group successfully refinances

I'm not in the mood for writing tonight. But here's the PR email I promised earlier.

First Names Group has agreed a substantial funding deal. The financial transaction was secured after a period of accelerated growth that has seen the business far surpass its five year investment plan to become one of the largest independent trust and corporate services providers in the world. 


The new facility will be provided by Alcentra and Royal Bank of Scotland (RBS). Together, they will bring long-term sustainable financing opportunities to First Names Group which are in line with the business's future funding requirements that will support its ambitious strategic objectives. RBS has provided financing to First Names Group since its management buyout in 2012.


Commenting on the transaction Cengiz Somay, First Names Group's Chief Executive Officer, commented: "The growth we have experienced over the last four years has been nothing short of exceptional. We have trebled in size, doubled our strategic locations and witnessed impressive organic growth rates. We have successfully bought and integrated businesses and this new financing model will facilitate our future inorganic growth. It will also provide us with the funds needed to continue to invest in our people and infrastructure, as we strive to create one of the best places to work and do business within the industry."  

That's all right.


Enough of finance. Enough of this week. / This country, man. It's wearing me out.