DC Advisory advises Onecom on its refinancing

Background

• Onecom is a UK leading provider of business communications technology and IT services
• Onecom secured investment from LDC in 2019 to support its growth ambitions and M&A pipeline
• Having successfully completed 12 acquisitions to date and achieved strong organic growth and product diversification, Onecom required an upsize of its existing facilities to continue to support its continued growth and M&A ambitions

Process

• DC Advisory was exclusively appointed by Onecom and LDC to optimise refinancing terms, including delivering a portable financing solution
• DC Advisory managed a competitive but targeted process to secure a preferred financing partner with flexible and scalable capital to support Onecom’s strategic ambitions
• DC Advisory supported Onecom with all interactions with diligence providers and potential lenders, while leading key commercial negotiations

Outcome

• DC Advisory secured a highly competitive, portable debt package with a significant increase in committed financing to fund Onecom’s M&A pipeline
• Pricing was reduced and commercial terms improved with increased flexibility to support Onecom’s growth ambitions
• This transaction further demonstrates DC Advisory’s expertise and capabilities within both the Capital Advisory and Managed Services spaces