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... For the full story register now for free or login below...