Gambit Corporate Finance (“Gambit”) has acted as lead financial advisor to Spectra Group (UK) Limited (“Spectra”), in securing a new banking partner to fund significant growth opportunities. The company has moved all banking facilities to NatWest, who will provide additional debt facilities to support the company’s ambitious growth plans and acquisition strategy.
Spectra is a leading international solutions provider of secure voice, data and satellite communications to locations with limited or compromised infrastructure. 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 products provides users with an effective and straightforward way to achieve secure and tactical communications.
Following a period of impressive growth, the Company is now targeting strategic acquisitions to complement its existing organic growth opportunities. Acquisitions will be targeted to enable Spectra to add to its product range and access new markets.
In addition to supporting the company’s acquisition strategy, NatWest will provide funding for property improvements to Spectra’s manufacturing facilities.
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 have exciting growth opportunities ahead of us which will build on our recent success and I am thankful to the team at Gambit for their expertise in helping us secure a new funding partner and develop our acquisition strategy to enable us realise the opportunities ahead.”
The Gambit team was led by Jason Evans (Partner) and Tim Brotherton (Director) who were responsible for identifying and approaching selected funders, advising the company throughout the transaction and negotiating the terms of the facility.
Jason Evans said “We are delighted to have acted for Spectra in securing NatWest as a new banking partner and supporting Spectra’s growth and acquisition strategy. The company is extremely well placed in the satellite communications sector following the recent success of the SlingShot product range and has exciting growth expectations. We look forward to continuing to work with Spectra on its acquisition opportunities.”
Banking facilities will be provided by NatWest’s Corporate Banking Team. The NatWest team was led by Rhys Williams (Relationship Director) and Olly Kneath (Assistant Relationship Director).
Rhys Williams commented “Spectra is a global market leading business driving innovation and success within the communications sector. We are delighted to be supporting this award winning business and looking forward to helping them achieve further growth and success in the coming decade.”