Cornish news and events company lands refinancing package
A firm which provides insights and news to the international gas industry has landed a refinancing package.
Santander Growth Capital supported the refinance of Cornwall company GW Global Insights.
Founded in 2003 and based near Truro, GWGI’s “Gasworld” brand (www.gasworld.com) delivers news and insights for the international gas industry.
The firm a global client base for its publications, worldwide events and business intelligence products.
The management team at the company was backed in its MBO in 2022 by Mobeus Partners.
The further investment from Santander’s Growth Capital will support GWGI in continuing to provide high-quality content.
The company is also promoting the development of its business intelligence offerings, digital content and marketing services as well as rapidly expanding its portfolio of events.
Peter Abel led the deal with support from Jamie Foster, Joe Santos and Dale Mullen.
Peter Abel, a director Santander Growth Capital, said: “We are delighted to have completed the refinance and Growth Capital investment into GWGI having remained in contact and monitored the business performance and progress since the original transaction.
“With the business’s plans to continue the growth trajectory of its data intelligence offering and sustainability focused, H2 View brand, we look forward to working alongside Mobeus and the Management team in supporting their growth ambitions.”
Richard Babington, Mobeus partner, said: “We have been really pleased with the progress that the GWGI Management team have made in developing and growing the Business since the completion of the MBO in November 2022.
“This further investment and support from the Santander Growth Capital team will underpin the considerable investment being made in the business to progress its data and subscription based services and cement GWGI’s position as the No. 1 global provider of data and insights to the Industrial Gases sector.”
Santander Growth Capital and relationship team of Peter Abel, Jamie Foster, Joe Santos and Dale Mullen, was advised by Foot Anstey (Bank legal), with Michelmores (Legal) supporting the company and shareholders.
