Providing independent advice to The Guinness Partnership Ltd (“TGPL”) on the treasury aspects of their recent merger.
Benefits to the client
The key benefit to TGPL was for to obtain an independent assessment on the impact of the merger on TGPL’s credit metrics, treasury and covenant position and future borrowing capacity. Undertaking this work in advance helped TGPL approach the merger discussions with conviction.
Newbridge role
Newbridge worked alongside TGPL from the very early stage merger discussions, through to legal completion of the merger. The work included shadow rating assessments, analysing the compatibility of both loan books and supporting TGPL in their approach to lenders for consent.
