Venture Life has announced it has entered into a Revolving Credit Facility (RCF) with Santander UK and Silicon Valley Bank. The funds, of up to £50m, provide leverage to the company's existing cash resources, and will support management's M&A ambitions, following the recent acquisition of BBI Healthcare for c£36m. We remain encouraged by Venture Life actively progressing its overall M&A strategy, which we expect to scale the company and provide operational leverage opportunities to maximise the ....
21 Jun 2021
Cenkos: Venture Life Group Plc - Financing update
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Cenkos: Venture Life Group Plc - Financing update
Venture Life Group Plc (VLG:LON) | 67.8 0.2 0.4% | Mkt Cap: 85.2m
- Published:
21 Jun 2021 -
Author:
Chris Donnellan -
Pages:
6 -
Venture Life has announced it has entered into a Revolving Credit Facility (RCF) with Santander UK and Silicon Valley Bank. The funds, of up to £50m, provide leverage to the company's existing cash resources, and will support management's M&A ambitions, following the recent acquisition of BBI Healthcare for c£36m. We remain encouraged by Venture Life actively progressing its overall M&A strategy, which we expect to scale the company and provide operational leverage opportunities to maximise the ....