PKF Smith Cooper has advised long-standing client Corstorphine & Wright, working closely with CFO Ben Round, on its new partnership with Metro Bank, supporting the award-winning architectural design business as it enters the next phase of its growth journey.
The transaction sees Metro Bank refinance Corstorphine & Wright’s existing debt facilities, replacing Beechbrook Capital as lender, with Beechbrook continuing its support and commitment as an ongoing equity partner. The new funding structure provides a strong and flexible platform to support Corstorphine & Wright’s continued expansion.
Our corporate finance team provided lead debt advisory services on the transaction, assisting Corstorphine & Wright in securing its new partnership with Metro Bank. The team was led by Darren Hodson, who was supported by Tom Joy, Callum Leslie and Joe English, while Josh Gurton led the transaction on behalf of Metro Bank. Legal advice was provided by Gateley, where the transaction was led by Chris Jones.
Corstorphine & Wright has been a client of PKF Smith Cooper for over ten years, during which time we have acted as advisor across a wide range of projects. We are proud to have supported the business through numerous stages of development and are delighted to have assisted Corstorphine & Wright on this important milestone as it continues its growth journey.
The new partnership with Metro Bank will provide Corstorphine & Wright with both funding capacity and strategic support to enable continued organic growth as well as future acquisition opportunities.
Darren Hodson commented: “The Metro debt structure was very innovative and should prove useful to Corstorphine & Wright over the medium term. Metro, Gateley and Ben Round were superb to deal with throughout the process, and it was one of those deals that was a pleasure to be involved in.”
For specialist support on refinancing, debt advisory or structuring growth funding, PKF Smith Cooper Corporate Finance can help. Contact us for a confidential discussion about your options.
