Tosca Debt Capital (TDC), alongside Yorkshire Bank, provided the management team of EDAM Group with a first lien debt facility to drive with the future growth of the company.
The investment will fund the expansion of the Manchester headquarters ensuring that the business is able to continue providing a fantastic working environment for its growing headcount. The business has grown significantly in recent years and the funding will enable the next phase of sustainable growth to be realised including a significant ability to grow its own rental fleet.
Steve Turner, CEO at EDAM Group, said: “The funding package secured provides the business with the financial platform it requires as we continue to invest into our service proposition and grow in scale.”
Richard Williams, partner at Tosca Debt Capital, added: “We’re delighted to have invested in EDAM Group and our investment will provide a strong capital base from which management can continue to drive the business forward over the next few years. EDAM is the fourth investment from the TDC Fund II and aligns with our portfolio of ambitious northern businesses.”
Deal typeFirst Lien Facility
Deal dateDecember 2017