20 December 2018

Palatine Private Equity, a UK mid-market private equity house, has acquired Derbyshire based CET UK, a major provider of outsourcing services to the insurance and construction industries, from Dunedin.

The Burges Salmon team, led by Banking partner Rachael Ruane, advised long term client Beechbrook Capital in their capacity as mezzanine lender on all legal aspects of funding for the transaction.

Rachael says: “We were extremely pleased to be able to support Beechbrook on this complex mezzanine financing and to enable it to complete the transaction within a challenging timetable.”

In addition to the Beechbrook mezzanine financing, senior debt was provided by Clydesdale, and there was secured shareholder debt in place as well, meaning that multi-party intercreditor arrangements were necessary.

Key contact

Racheal Ruane

Rachael Ruane Partner

  • Corporate Banking
  • Real Estate Finance
  • Asset Finance and Asset Backed Lending

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