Debt team hits £1bn milestone

Jonathan Broome

Zeus Capital’s debt advisory team has advised on £1bn of debt facilities since it was launched two years ago.

It has completed 21 transactions, averaging £50m per deal, in the two years since its inception.

Jonathan Broome, head of debt advisory at Zeus Capital, said: “When we started the debt advisory team in 2018, we knew there was a real opportunity to add value to Zeus Capital’s client base, and strengthen its high-quality service offering.

“It has been a real pleasure to be able to support more than 20 ambitious management teams over the last two years, working on some significant transactions.”

The team of three has provided debt advisory services across a broad range of transaction types, including acquisition financings, re-financings, covenant amendments, balance sheet restructurings and lender education processes.

Almost all of the firm’s debt advisory transactions had private equity involvement, working with clients including Mayfair Equity Partners, Vitruvian Partners, Graphite Capital Partners, Phoenix Equity Partners and ECI.

They have been particularly active during the lockdown period caused by Covid-19, completing five transactions since March, primarily assisting companies to raise liquidity lines as well as assisting in restructuring their banking facilities.

Broome added: “We have a strong pipeline of activity for the remainder of 2020 and beyond, and our focus will continue to be on maintaining our track record of completing a deal a month going forward.”