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Refinancing of TelecomFM Holdings Limited

HMT Corporate Finance, led by partner Andrew Thomson, advised the management of TelecomFM Holdings Limited on the refinancing of the company’s debt facilities that were originally secured as part of a management buyout in September 2008. The refinancing was secured from the Royal Bank of Scotland and involved replacing existing facilities as well as providing additional working capital headroom in order to support the company’s continuing strong growth.

TelecomFM is a leading UK based technology company and global supplier of network access products and solutions for the global telecoms market place.  The company has a network of offices and support centres within Europe and Africa and also, through its distribution network, supplies leading mobile operators as far afield as Australia, New Zealand & Thailand.

The company has experienced significant growth in the past three years and management expect to build on that success as they continue to invest heavily in product development and widen their geographic footprint, with plans to expand into the US and Pacific Rim countries.

John Byrski, TelecomFM’s Finance Director, commented:

“The MBO and recent refinancing have taken place in a difficult credit market.  The professional approach adopted by HMT through their contacts enabled Telecom FM to complete both deals successfully and within the strict timescales required. The refinancing will allow Telecom FM to continue with its International expansion plans.”

Andrew Thomson commented:

“HMT are delighted to continue to work closely with the management of TelecomFM, and are pleased that the company continues to perform well following the MBO which is tribute to the strength of the management team. The refinancing allows the company to continue its profitable growth and exploit its dominant position in its niche markets.”

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