Arranged the provision of structured, subordinated debt from a managed special purpose vehicle to a unique affordable housing company. New Model structured the funding to satisfy the running yield requirements of the lender and the relatively complex cash flow profile of the borrower. The provision of subordinated debt enabled a superior return for the lender, as well as a secured subordinated debt position directly in the assets of the company through a bankruptcy remote special purpose funding vehicle.
Provided advice to a UK PLC on the successful acquisition of a competitor company. The acquisition was complex due to the competitive nature of the bidding process as well as the aggressive timetable involved. As well as the general M&A advice, New Model also assisted the client in arranging for a syndicate of banks to part fund the acquisition.
New Model provided advice to a UK PLC on successful cross-border acquisition. This involved the acquisition of a strategically important holding company in the Southern Hemisphere, with subsidiaries located in six separate geographic locations. New Model assisted in the due diligence, negotiation, structuring and completion of the multi-currency acquisition.
Led a £1.5m equity round, which included three institutional investors and a selection of value-added angel investors.