Furthermore, this financing is aimed at providing Nexus with the opportunity to make further acquisitions and enter the next phase of its growth.
The additional £20 million will be used to continue Nexus’ proven buy and build M&A strategy.
The facility also has a significant accordion that offers additional support for future acquisitions or a transformational deal.
“When Nexus first raised debt capital in 2017, we were valued at £75m and had concluded five acquisitions. That capital raise enabled the conclusion of 15 further acquisitions and, alongside strong organic growth, helped drive a 3.1x increase in the equity value of Nexus to £234m as at 31st January 2021,” said Colin Thompson, Founder and Chief Executive Officer of Nexus.
“In Barings, we are delighted to have a top tier institution to support the next stage of our growth