Rocket Fuel for Business – Development Capital

Development and Growth Capital is a cost efficient form of equity and debt funding designed to help established businesses grow faster and create new jobs. This innovative and flexible form of finance is a great way for businesses to fuel growth.

Development Capital in the form of equity and a mezzanine loan can provide £1 million investment upwards, whilst Growth Capital generally provides loans between £500,000 and £5 million.

One of G+E Corporate Finance’s biggest success stories is assisting Thai Leisure Group (TLG) use Growth Capital to support their impressive growth story.

G+E worked with the management team at TLG to translate the vision, gain a deep understanding of the market and business and position the business to funders in such a way as to maximise the Growth Capital funding.

TLG’s vision is to bring authentic Thai Cuisine and Genuine Thai Hospitality across the UK. The strong vision of the shareholders has seen the group grow, since 2004, from one restaurant and one brand, Chaophraya, in Leeds, to the current 13 sites across the country, encompassing brands Chaophraya (fine dining) Chao Baby ( based in shopping centres), Yee-Rah (casual dining) and the recently launched Thaikun (Street Food). A further 30 sites are planned over the next three years taking the group to 40+ with a combined turnover over £80m.

Christian Hall, Finance Director at TLG commented “Thanks to the assistance of the Corporate Finance team at Garbutt + Elliott, Thai Leisure Group obtained the £10m funding required to assist with TLG’s future plans for growth in the business. This was in addition to the previous fund raising of circa £2.5m in 2012. The team, as always, were committed and worked hard to ensure tight deadlines imposed were met and their personal approach added real value to the process

Santander’s Growth Capital Fund has now provided the third round of funding in four years to TLG demonstrating the success and rate at which TLG is expanding and also how Growth Capital has fuelled the growth potential.

Corporate Finance Partner, Richard Feltham added “The growth capital funding is testament to the market opportunity for TLG, strength of its management team and the exciting roll-out proposition to capture the Thai market in the UK.”

 

If you are looking at fulfilling your growth vision for your business contact Richard Feltham or Tariq Javaid at G+E for a no obligation discussion.