British retail and commercial bank Shawbrook is providing a refinance facility to Vixio Regulatory Intelligence, a London-based provider of regulatory and business intelligence.
This move is set to support Vixio’s plans to broaden its existing service offerings and enhance its market reach.
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Vixio, known for its subscription-based intelligence services, serves a global clientele comprising operators, technology providers, regulators, and law companies.
These services are crucial for managing risk and uncovering new opportunities in various markets.
In 2022, Vixio received backing from European private equity company Perwyn, which has significantly contributed to the expansion of Vixio’s intelligence platforms, geographic coverage, and product range.
The latest move comes as Vixio was seeking to refinance its existing debt.
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By GlobalDataThe regulatory and business intelligence company aimed to secure additional liquidity for the development of new products and to facilitate strategic acquisitions.
Having previously collaborated with Perwyn on other deals, Shawbrook structured a financing solution tailored to Vixio’s needs.
The package includes an annual recurring revenue-based facility, combining a committed acquisition, revolving credit facility (RCF), along with a Unitranche facility, Shawbrook said.
Shawbrook senior director Deepak Parekh said: “We are extremely pleased to have supported this refinance transaction which sees the injection of committed facilities to support the funding of strategic acquisitions and new product development growth.
“It has been a pleasure to have worked with both the management team of Vixio and their equity investor, Perwyn, who brings significant expertise and experience to support the ongoing growth plans.”
Global law company Eversheds represented Shawbrook in the transaction while A&M carried out financial due diligence.
Vixio and Perwyn were supported by Clearwater and Osborne Clarke throughout the deal process.
Vixio CEO Mike Woolfrey said: “Out of all the debt lenders we spoke with, the team at Shawbrook were personable and quick to understand the core dynamics of our business offering. The Shawbrook team were a pleasure to work with and fully supported our plans for growth.”
