Lexington advises REAMS upon securing new debt facilities from ThinCats
Feb 28, 2019
South Wales based, REAMS has obtained new debt facilities from ThinCats in order to provide funding to accelerate the Company's ambitious growth plans.
REAMS is a building engineering consultancy providing technical asset management solutions across the built environment to a number of blue-chip companies covering the UK & Europe. The Company works with its customers to collate, process, interpret and aggregate building construction and performance data in order to provide cost effective building management and maintenance strategies across estates.
REAMS was founded in 2007 by its CEO, Alistair Clements, and is now the leading business operating in this sector in the UK. The new funding will allow the Company to accelerate its growth plans in its core business whilst also assisting in the further development and commercial rollout of its own in-house asset lifestyle software, ELIAS
The Lexington team of Gary Partridge, Thomas Edwards and John Tose worked with the Senior Management Team of REAMS (Alistair Clements, CFO, Kevin Dewhurst and Graham Ponton, Strategic Development Director) to complete the transaction. The ThinCats team was led by Alison Whitstance and David Jamieson.
Kevin Dewhurst said, "We've known Gary professionally for several years, so when it came to seeking honest, independent advice and selecting a team that was capable of working with us to achieve our goal, we chose Gary and his Lexington team."
Alison Whistance said, "I am delighted to support REAMS with their ambitious growth plans and the development of their market-leading ELIAS software which will further enhance the customer experience and service offering. REAMS is led by an experienced management team who are well-respected in the industry - we are proud to be their chosen funding partner and look forward to supporting their further growth."
Thomas Edwards, Lexington's Director, said, "We are delighted to have advised REAMS on this transaction. The Company has an excellent reputation in its sector and has seen significant growth during the past 12 months and is a great example of an innovate Welsh business looking to expand. The ELIAS software will further enhance the service offering and differentiate the business from its competitors."
"We look forward to working with other businesses who want an advisor to guide them trough the fast growing Alternative Finance provider sector."