Fire and security business to buy more companies with £75m funding
Churches Fire says it is on course to become the largest independent company in its field. It has secured a £75million refinancing package from HSBC UK, HSBC Asset Management, Northleaf Capital Partners and Siemens Bank. Chandlers Ford-based Churches is backed by private equity sponsor Horizon Capital. Its recent acquisitions mean it serves more than 15,000 customers across the UK. The funding will provide it with “significant firepower” for future acquisitions, with further takeovers in the pipeline for this year and beyond. Adam Lewis, Churches Fire non-executive and Horizo...
Source: hampshirechronicle.co.uk