Companies have faced challenging refinancing markets in 2012. Nevertheless, Fenton Burgin, debt advisory partner at Deloitte, says strong management and international prospects make refinancing possible, as in the case of LGC.
The £210m refinancing of LGC, a UK-based international leader in laboratory services, measurement standards and forensic analysis in June 2012. It included an £80m equivalent add-on loan to support the company’s growth ambitions. In February 2010, Bridgepoint Capital had backed its £257m secondary buyout from LGV Capital.