Brum advisers lead £40m deal
The Midlands office of Royal Bank of Scotland has provided a £40m loan to CVS Group.
Royal Bank of Scotland Corporate and Institutional Banking provide the funding, led by RBS' Midlands structured finance team.
CVS Group, which is headquartered in Diss but has 225 veterinary surgeries across the UK, is set to use the money to fund acquisitions.
The deal represents an additional £20m for CVS' spending power and will also enable it to refinance its debt.
Eversheds in Birmingham advised RBS on the deal.
Ben Dawson, associate director, RBS Structured Finance Corporates, Midlands, said: "We have enjoyed a long and very successful track record with CVS and are delighted to be able to lead their refinance and provide the necessary headroom for future growth.
"The excellent management team at CVS continue to build on their market leading position and we look forward to being part of their ongoing development and growth."
