Mazars advises NCMT on securing a £15m refinancing package with Santander Corporate and Commercial
Our Deal advisory team has advised NCMT Holdings Limited (“NCMT”) on securing a £15m refinancing package with Santander Corporate and Commercial. The financing package provided supports the company’s long-term succession planning utilising the Employee Benefit Trusts.
Founded in 1964, NCMT is a leading provider of high technology engineering solutions for metal cutting and grinding applications in the UK and across Europe. The company predominantly operates in the aerospace industry with a blue-chip customer base including Rolls-Royce and General Electric.
On the deal, Dave Burley, Managing Director at NCMT said:
“Following a competitive process to select our banking partner, we are pleased that Santander is supporting NCMT with this transaction and we look forward to establishing a close relationship going forward to help realise our growth ambitions.”
Emily Davis, Structured Finance Associate Director at Santander Corporate and Commercial said:
“NCMT has delivered an impressive growth record, is internationally focused and backed by an excellent management team. We are very pleased to have provided a flexible financing package to support the EBT share purchase and are delighted to be have been chosen as its banking partner at this exciting time in the company’s strategic development.”
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If you would like any further information on this transaction or to understand how we can help support your business, please contact Paul Joyce below.
National contact