HSBC Leveraged Finance announced it has completed its refinancing deal of Trustmarque Solutions amounting to GBP 19.5 million. The transaction came a month after Trustmarque's management buyout by Dunedin in the amount of GBP 43 million.
Trustmarque, which has been in the industry for 25 years, supplies software and provides consulting services. It serves more than 1, 200 clients that include financial and retail institutions, UK's Ministry of Defense as well as other central government agencies. It has over 180 employees located in Bracknell, York and Edinburgh.
The completed transaction marks the third for HSBC Leveraged Finance in the past couple of weeks. The team was also behind LGV Capital's Liberation Group acquisition of six pubs of Channel Island as well as the investment of ISIS Equity Partners in Nigel Frank International, global specialist recruitment company.
Tom Green, HSBC Leveraged Finance's Director, said that they "looking forward to supporting the next phase of growth."
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