Deals
Shaw & Co has arranged an 8-year, fully unsecured loan of £1.7m for Dunton Environmental, to support the company’s continuing growth and diversification strategy of covering a wider segment of industrial waste in the UK.
Shaw & Co has arranged an 8-year, fully unsecured loan of £1.7m for Dunton Environmental, to support the company’s continuing growth and diversification strategy of covering a wider segment of industrial waste in the UK.
Dunton Environmental’s group of companies provide innovative soil, ground and water remediation, environmental decontamination and consultancy services. Remediation services are provided both on and offsite. Clients include Crest Nicholson, Vinci, St James Group and Persimmon Group.
As the company is relatively asset light, and with exposure to a challenging sector, traditional senior secured debt options have been limited. Caple was able to understand the cash generation of the group of companies and facilitate a fully-unsecured loan that required no personal guarantees or any other form of security.
The funding is the fourth such loan arranged by Shaw & Co in partnership with Caple and will allow Dunton Environmental to refit and equip their new HQ and provide additional working capital headroom for growth.
Alexei Garan, Head of Shaw & Co's Debt Advisory practice commented: “The unsecured loan facility with its 8 year profile is a great fit for Dunton in setting up the next chapter in the Group’s already impressive growth story."
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Shaw & Co is very proud to have helped Dunton with its unquestionable commitment to permanent environmental remediation and to actively solving the problem of UK industrial waste. "
Dominic Buch, Managing Partner, Caple added “Dunton Environmental is a successful and growing business, yet the nature of its operations and customer base means it is not well-served by traditional, senior secured offerings. By basing our assessment on the strength of the management team, strategy and future cash flows of the business we were able to provide access to a flexible, long term and fully unsecured piece of growth finance.”
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