Securus Group secures £25M growth capital and refinance facilities

Electronic safety firm set to accelerate its buy-and-build strategy as Muzinich & Co. completes first transaction for its UK Private Debt Fund

 

Electronic safety company Securus Group has raised a £25 million flexible senior debt facility from Muzinich & Co.

The Manchester-based company, which installs, maintains and monitors open protocol safety products, was formed in 2008 with funding from Infinity Asset Management.

Since then it has grown through a combination of organic growth and ten acquisitions to create a full national service platform.

The six-year senior secured financing package from Muzinich & Co, which is the first transaction for the credit investment firm’s UK Private Debt Fund, will refinance Securus Group’s existing borrowings and provide significant follow on acquisition facilities to accelerate its buy-and-build strategy.

Stuart Glover, managing director at Securus Group, said, “With Muzinich & Co as a long-term financing partner, aligned to our strategy, we will be able to accelerate our growth plans and capitalise upon the opportunity in our market, creating the leading independent national provider of electronic security and life safety systems.”

The Royal Bank of Scotland Structured Financed team, led by Andy Killingback, provided a revolving working capital facility alongside Muzinich & Co.

Muzinich & Co announced the first closing of its UK Private Debt fund in January and is targeting £350 million in assets.

The fund will lend to UK companies with an EBITDA of between £3 million and £20 million across a range of senior debt, unitranche, mezzanine and equity products.

The investment company recently expanded its presence in the UK, opening a Manchester office on King Street.

“Muzinich & Co are delighted to complete our first investment to support Securus Group,” said Marc Shirman, co-head of Muzinich & Co‘s UK Private Debt team. “This fast growing and ambitious group, led by an outstanding management team, now have the flexibility and follow on capital to enable management to deliver the next phase of growth.”

 

Alan Dobie

Johnathon Jacobs

Alan Dobie was assistant editor at Vitesse Media Plc before moving on to a content producer role at Reed Business Information. He has over 17 years of experience in the publishing industry and has held...

Related Topics

Venture capital funding