Cloud firm in £58m refinancing

CLOUD services provider ANS has announced a record turnover of £53m as it agrees a £58m funding package that will see its founders increase their shareholding.
 
On the back of a record breaking year to the end of March 2016, with a run rate EBITDA of £8.6m, ANS has agreed a funding facility to exit various shareholders, incentivise the team and create a war chest for further acquisitions.

The £58m unitranche deal with The Royal Bank of Scotland and Muzinich & Co will allow sales director Dave Hutton and... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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