Castle scores a summer hat-trick of completions

Castle Corporate Finance advise on Foresight Group’s investment into specialist design and manufacturing company, Regency Design & Print Limited (“Regency” or the “Company”).

Castle is pleased to have advised Regency’s management team, consisting of David Harkness and Julian Simpson, on an equity release funded by Foresight Group and Royal Bank of Scotland.  Foresight will work with David and Julian to bolster the management team bandwidth and create a robust and scalable platform from which to deliver the significant pipeline of identified orders over the coming years.

Matt Smith, Foresight Investment Director, commented:

“Regency already has a market leading position in the UK and a long history of delivering high-quality products and service levels to its customers, most of whom are demanding and multinational FMCG companies.  We look forward to working with the management team to modernise and scale the business, taking advantage of the growth opportunities presented in Europe over the coming years.”

David Harkness, Regency’s Managing Director, commented:

“We are excited to be working with Foresight at an important stage in the Company’s development. We have a huge opportunity to really accelerate the business by delivering on the pipeline, moving into new geographies and adding more blue-chip customers.  This was a significant transaction for both Julian and me, as well as the Company, and so it was extremely important that we worked with people who understood our objectives and aspirations for the business.  The lead advice and commercial guidance we received from Castle was first class throughout and they were relentless to the end.  We would highly recommend Castle to anyone considering a similar transaction.”

Stuart Stepney, Director, commented:

“This was a complicated deal that required careful structuring and negotiation to ensure a successful outcome for all parties involved.  We are extremely pleased to have helped David and Julian at this important stage of the Company’s development and wish all involved the very best for the future.”