Gambit Corporate Finance has acted as lead financial advisor to Spectra Group (UK) Limited, in securing a new funding facility to support its continued growth. It is a continuation of Gambit’s involvement and relationship with Spectra, previously advising on its original funding with NatWest and wider strategic support.
Spectra is a leading global provider of tactical and strategic mission-critical communications systems and high-grade information security and network capabilities. Working within the defence & security sector, Spectra specialises in delivering comprehensive, robust and reliable solutions to create secure communication networks in the most austere environments. Spectra’s award-winning SlingShot and next generation Troposcatter products provide users with an effective and straightforward way to achieve secure and tactical communications.
The Company is looking to continue its trajectory following a period of impressive growth. The additional funding is targeted for organic growth and investment in new product development to take advantage of Spectra’s trusted reputation in the market and experience in delivering mission critical solutions.
Simon Davies, CEO of Spectra, said “I am extremely proud of what we have achieved at Spectra over the past few years, particularly being awarded the Queen’s Award for Enterprise and Innovation for our SlingShot system. We are excited about the opportunities ahead, and the new facility will enable us to build on and expand our product range to enhance the solutions we provide to our valued and important customers. We thank the Gambit team for their expertise in helping us complete the new facility.”
The Gambit team was led by Jason Evans (Partner) and Sam Forman (Director) who were responsible for structuring, negotiating the terms and advising the company throughout the process of securing the new facility.
Jason Evans said “We are delighted to have supported Spectra in securing this new facility. Simon and the team have created a fantastic business, with enviable products in the market that are vitally important to its customer base. The company is extremely well placed in the defence telecommunications sector following the success of the SlingShot & Troposcatter product ranges and has exciting growth expectations, which this facility will help deliver.”
The facility will be provided by NatWest’s Corporate Banking Team. The NatWest team was led by Gemma Yorke (Head of TMT) and Martyn Prosser (Credit Delivery Director).
