We are delighted to have supported search fund Novi Partners in raising senior debt facilities to fund the acquisition of Atlantas Marine Ltd, securing a bespoke and flexible financing package from a high street lender
Josh Neely, Co-founder of Novi said “We are delighted with the outcome of this transaction. As a former lender I debated getting debt advice, but Altenburg exceeded our expectations continually and delivered significant value throughout the transaction. Their deep understanding of the lending market, rigorous attention to detail and commitment to achieving the best outcome enabled us to secure compelling debt facilities while allowing us to focus on value creation. Beyond financing, their wider strategic support proved invaluable during the critical stages of the deal.”
Adam Agius, Partner at Altenburg Advisory said “We are delighted to have supported another successful Entrepreneurship Through Acquisition (‘ETA’) transaction. We secured an outstanding debt financing package for Novi, providing bespoke structural flexibility and covenant headroom at an attractive cost of capital. As a firm committed to supporting the ETA community, it was a pleasure to work alongside Josh and Ben on this exciting acquisition and help them navigate the critical stages of this transaction through to completion.”
About Novi Partners
Novi Partners is a search fund vehicle, formed to acquire Atlantas Marine Ltd, an award-winning UK based subsea marine services provider specialising in the inspection, testing, cleaning and remediation of subsea structures.
About Altenburg Advisory LLP
ACP Altenburg Advisory is a specialist debt advisory firm that works with established UK businesses entrepreneurs and private equity investors seeking debt financing to help them achieve their strategic objectives. Altenburg advises on, structures and arranges bespoke financing solutions, with a focus on cash flow finance, speciality finance and real estate funding.