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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.

Project leads

Grant Vaughan

Partner

Chris Evans

Director

Working with the Newbridge team is always an enjoyable experience. They are knowledgeable, responsive and will go the extra mile to find ways to resolve issues that arise. The expertise provided by Newbridge during this merger process supported detailed analysis of key elements and also allowed the board and executive team to focus on the more strategic aspects of the merger.

Rob Elliott, Director of Corporate Finance, The Guinness Partnership

Insights

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