Tarsus announce a new £45m five-year credit facility with Bank of Ireland, Lloyds TSB and HSBC
ACF Investment Bank acted as lead debt advisors to the Tarsus Management Team.
ACF assisted in securing and delivering a funding package which provide Tarsus with a larger, more flexible, extended term facility. This deal sees Tarsus Group PLC continue to leverage its strengths in developed markets to construct a portfolio in emerging markets both through acquisition and replication.
The ACF team have the experience, resources and skills to assist in negotiating competitive terms to ensure the optimum financing solution to support strategic business plans and future funding requirements. For further information or to arrange a meeting please contact: Melissa Castelyn on + 44 (0) 207 467 9600.
Tarsus Group PLC (LSE:TRS) is an international business-to-business media group with interests in exhibitions, publishing, and online media. The group operates globally in key verticals including aviation, medical, labels and packaging, discount clothing (off-price), housewares and automotive. Tarsus also run more than 80 events and websites and its flagship brands include the Labelexpo exhibitions in Europe, the Americas, India, Asia, and the Dubai Airshow.
The Group operates across a world wide network of offices in Dublin, London, Paris, Milwaukee, Boca Raton (Florida), Dubai, Shanghai, New Delhi and Istanbul. Tarsus is building an its strong presence in the emerging markets of the Middle East, China, India and South America. Under its”Project 50/13″ initiative, it aims to derive 50% of Group revenue from these high growth markets in 2013.
“About Corporate Finance are pleased to have supported Tarsus in negotiating this funding package which will enable them to continue to drive their expansion into emerging markets with the comfort of knowing they have the support of a group of partner banks providing access to long term, committed, flexible funding on highly competitive terms.”
Thomas Dey, Chief Executive Officer, ACF Investment Bank
“We are delighted to announce our new banking facilities. These have met all the objectives we aimed for at the outset of the process and will help support Tarsus in achieving our strategic goals. We look forward to working with our new bank group over the next few years.
“The ACF team have been instrumental in securing our new facility. They have been central to each stage of the project and have delivered tangible and measurable value throughout the process. Depth of knowledge, strong delivery and flexibility have been the key components of their input. They have been a pleasure to work with”.
Dan O'Brien, Group Finance Director, Tarsus Group plc