Background
- Cadogan Tate Group (Cadogan Tate) is a premium international storage, moving, and shipping group specializing in fine art and other valuable possessions
- Cadogan Tate’s end-to-end solutions are provided to a large and diverse customer base which includes individual consumers, interior designers, art galleries, auction houses, and museums
- TSG Consumer Partners (TSG), the sponsor, acquired Cadogan Tate in 2022
- Cadogan Tate’s global reach and suite of services have benefited from numerous acquisitions
- Cadogan Tate sought an upsize to its facilities to fund the M&A pipeline of brands and partners to join the Cadogan Tate family
Process
- DC Advisory was appointed by Cadogan Tate as exclusive financial advisor to provide debt advice for the refinancing of its existing facilities
- DC Advisory worked with TSG’s in-house capital markets team, managing a competitive process to secure a preferred financing partner with flexible and scalable capital to support Cadogan Tate through its next stage of growth
- DC Advisory advised TSG on material interactions with potential lenders and on commercial negotiations with a view to secure an attractive debt package
Outcome
- DC Advisory secured a highly completive debt package to support TSG's M&A pipeline
- This transaction further demonstrates DC Advisory’s expertise and capabilities within the Capital Advisory space
“We are proud to have represented Cadogan Tate on this comprehensive refinancing. The new debt package will support TSG in delivering on the business plan. The transaction underlines DC Advisory’s capital markets advisory expertise and ability to deliver strong results for its clients”.