Corporate Banking customers win two more awards
Two Santander-financed deals have won “Deal of the Year” in their respective regions in the Insider Magazine’s Dealmakers Awards. The Insider Magazine, a respected national business publication, holds regional awards every year to recognise excellence in a region’s business community.
Mike Ellwood, Head of Santander Corporate and Commercial Banking said: “It’s fantastic to see the deals we have worked on being recognised for their significance amongst the professional community. This demonstrates the progress we are making in becoming bank of choice for UK companies and building our reputation in this important market. The awards are also testament to the endeavours of our people in drawing on our key differentiators of International and Structured Finance”.
Sepura – Deal of the Year (above £10m) in Central and East of England
Cambridge-based Sepura is a leading global provider of critical communications solutions for the Professional Mobile Radio market. Its acquisition of the Spanish global group, Teltronic S.A.U. won deal of the year. Santander took 1/3 (€40m) role in the financing which was completed in just six weeks.
Poundworld - Deal of the Year (£25m and above) in Yorkshire.
Earlier this year funds affiliated with private equity firm TPG Capital LLP (“TPG”) acquired a majority stake in family-run Poundworld. This transaction won Yorkshire's Insider Magazine's ‘Deal of the Year’ 2015 award. Santander’s relationship with Poundworld commenced in late 2012 and, as an existing lender, the bank was closely involved in the transaction, working with the company and its advisors to provide their consent to the acquisition by TPG and enabling the deal to successfully complete.
Santander provides a £50 million committed financing package to Poundworld which supports its next dynamic stage of growth and store roll out plan and secures a stable source of financing for the company for the next five years. Additionally, Santander provides Poundworld with facilities for foreign exchange, asset finance and operational currency overdrafts for day-to-day banking needs.
Winning these 2 awards results in a total of 3 Insider media awards involving Santander. In October, Santander Structured Finance North West won “Banking Team of the Year” at the North West Dealmakers Awards recognising the contribution of professional services to the North West region.
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