Creo Medical has raised debt facilities from Barclays Bank
Cardiff – CFI is pleased to announce that it acted as exclusive financial advisor to Creo Medical Group in its acquisition of securing a multi-million pound commercial mortgage from Barclays Bank.
Creo Medical was founded in 2003 by Professor Chris Hancock, initially to target the treatment of cancers through use of high frequency microwave energy and dynamic matching techniques. Creo now provides an expanding range of innovative medical devices designed for endoscopy surgeries, with flagship technologies including Kamaptive™, Speedboat™, MicroBlate™, SlypSeal™ and SpyderBlade™. The Company was listed on the London Stock Exchange in 2016 and has since witnessed impressive global growth both organically and via landmark acquisitions including Albyn Medical and Boucart Medical. Creo has raised in excess of £150m via share placings since its IPO.
CFI UK has acted as lead financial advisor to Creo Medical Group Plc (AIM: CREO) in securing a multi-million pound funding package from Barclays.
The funding will be used to expand the Company’s current operating facilities, following the multi-million pound acquisition of Creo House and its adjacent site in July 2021. The additional space will accommodate a rising number of employees, increased commercial activity and manufacturing capacity, underpinned by the two acquisitions undertaken in 2020 and general corporate purposes. Development plans include the construction of a multi-storey ‘link building’ to bridge its existing sites and the addition of a mezzanine floor to the car park.
This transaction closed on 24 June 2022.
Related
Healthcare & Life Sciences
has raised funding from
Transaction details
Creo Medical, a provider of an expanding range of innovative medical devices, has raised debt facilities from Barclays Bank
This transaction was advised by:
Our latest transactions
Real Estate & Construction
has been acquired by
Transaction details
Blue Bay Building Products has been acquired by Wolseley Group, a leading specialist provider of plumbing, heating, cooling, and utility products to trade customers
Food & Beverage & Agribusiness
has sold
to
Transaction details
Fleury Michon has sold Room Saveurs, a trading company and laboratory specialized in the development of meal trays, to Kumo
Industrials
has transferred the equity interests of its subsidiary
to
Transaction details
Maezawa Kyuso Industries has transferred the equity interests of Maezawa Kyuso (Nanchang) to Guangzhou Hongxing Investment Co., Ltd.
Software & IT Services
have sold
to
a portfolio company of
Transaction details
Companyweb, the leading provider of subscription-based credit information and private company data intelligence in Belgium, has been sold to Altares, a provider of B2B data solutions, servicing medium and large companies across the entire data value chain
