Onecom has secured a significant £100 million acquisition finance facility through Ares Capital.
The refinancing allows Onecom to consolidate its existing financial arrangements while providing the flexibility to pursue new market opportunities. It will also enable the company to enhance its services across fixed-line voice, connectivity, managed cloud, and IT solutions, serving nearly 100,000 business customers nationwide.
The financing builds on a successful five-year partnership with LDC, the private equity arm of Lloyds Banking Group, and Ares Capital. LDC is a prominent investor in UK mid-market businesses, with plans to invest £1.2 billion over three years across technology, healthcare, and financial services. Its portfolio currently includes 90 companies.
“We have a fantastic relationship with LDC and Ares, which has underpinned our growth ambitions through M&A activity and organic expansion. Securing this new financing facility is a testament to the strength of that partnership. With this support, we are well-equipped to execute our strategic goals, expand our capabilities, and reinforce our position as a leader in communications and technology solutions,” said Onecom CEO Martin Flick (ma.in pic)
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