TDC provides funding to GI Solutions on their acquisition of the Eclipse Colour Print Group

Tosca Debt Capital provides 2nd lien funding alongside HSBC to GI Solutions Group on the acquisition of Eclipse Colour Print, Eclipse 4DM and Direct Link for an undisclosed sum. This is in line with the company’s desire to be the UK’s leading integrated marketing communications business.

Based in Leicester, GI Solutions Group is a long established provider of creative, data, direct mail and transactional document services to many high street names and brands.  GI Solutions is backed by Stratford-upon-Avon based, GIL Investments.

The Eclipse group of companies is a leading provider of commercial print, print management and direct mail services to a broad range of multi-channel retailers, charities and business customers.  Eclipse is based in Kettering, Northamptonshire.

The combined group will generate around £80m of revenue per annum and is a significant employer in the East Midlands.   All the companies will continue to trade on their existing sites led by their existing management.  The group is also pleased to announce the appointment of Sotos Constantinides as their new Chief Finance Officer.

“This is a fantastic result for all concerned “said CEO Patrick Headley, “we have admired what Simon and the team have achieved for a long time.  We are absolutely delighted we can now all work together with an ability to offer our customers an even wider range of services.  The synergies are very strong and the whole team at GI are very excited about the future”.

“I am delighted to be working with GI Solutions Group” said Eclipse MD, Simon Moore “as a business we have come a long way since we started the company.  This deal will give both our customers and ourselves many more options moving forward”.

“This ticks a number of boxes for the Group and we are delighted to have Simon joining the board” continues Headley “we had strong growth aspirations when we completed the MBO last March and expect to be able to announce further exciting developments in the near future”.

The acquisitions were financed by the Tosca Debt Capital team based in Manchester and HSBC Corporate in the Midlands.  The Birmingham office of Catalyst Corporate Finance acted as lead advisers.

Richard Williams, Partner at Tosca Debt Capital, said: “we are delighted to have been able to support GI Solutions Group on this acquisition, creating a high quality enlarged group and management team.  This transaction is another example of Tosca Debt Capital supporting the growth plans of a regional business and management team, with exciting opportunities for the future”