Deloitte leads on debt deals worth £160m in Q4

THE debt advisory team of Deloitte in the North West worked on three multi-bank deals with a value of £160m in the fourth quarter of 2012.

It advised Sheffield-based business products distributor Vasanta Group, London private equity group ICG and Wigan-based Ainscough Crane Hire.

Deloitte worked with Endless-backed Vasanta on its £55m refinancing with PNC Business Credit and ABN Amro, which completed in October.

This was followed in November with a debt raising from a six-bank club to support the buyout of corporate travel firm ATPI by ICG and management.

Last month, Deloitte raised a £105m asset-based facility from Burdale, GE and RBS lenders to support the refinancing of Ainscough Crane Hire.

Nigel Birkett, partner and head of debt advisory in the North West, pictured, said: “The team enjoyed a very busy 2012, helping our clients navigate the debt markets in a wide range of situations. We start the new year in confident mood looking to build on this success supporting our existing and new clients.”

The department also appointed Anil Gupta, an assistant director, and Jonathan Petty, a manager formerly at RBS.