Zenzic Capital is pleased to announce that it acted as corporate finance advisor to Gemporia Partnership on their recent £25m senior secured facility from Santander.
Zenzic Capital is pleased to announce that it acted as corporate finance advisor to Gemporia Partnership (the “Partnership”) on their recent £25m senior secured facility from Santander. Santander UK has provided the £25m facility on a five-year term loan. The funding will enable the Partnership to satisfy deferred consideration from an historic EOT transfer and to focus on its continued growth trajectory, having gained over 50,000 new customers in the year to March.
The Partnership operates in the jewellery and home craft TV retail sector, sourcing and designing the products it sells through its TV shopping channels and website. Based in Worcestershire, the Partnership operates TV channels throughout the day on Sky, Virgin Media, Freesat and Freeview as well as online.
“On behalf of the Partnership, I wanted to say thank you to Zenzic for the great work they put in helping us find a great partner in Santander and putting together a deal that will enable us take the business forward. This has been a significant step for our business and Zenzic, have been integral to making it happen.”
Colin Wagstaffe, Managing Director at the Partnership