Raising finance for Fordhouse’s IT Managed Services Provider Zenzero

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Zenzero is a leading, Microsoft-focused provider of IT Managed Services, comprising IT support, digital transformation, cybersecurity, automation, and related technology services for UK SMEs. It is the trusted technology partner for its clients, and focuses on supporting a broad range of technology solutions as well as providing strategic insights and transformation implementation across its client base. 

The group is headquartered in the Midlands and has a strong presence in London, the South-East and Scotland as well as offshore locations in Sofia, Bulgaria and Port Elizabeth, South Africa.

The company received investment from Fordhouse, a specialist buy-and-build investor, in December 2020 to facilitate both organic and acquisitive growth, and has since made four strategic acquisitions of smaller businesses providing additional capabilities, geographical presence and scale.

BDO successfully advised the company in raising an innovative package of term debt, committed and uncommitted facilities to support both an immediate acquisition and the company’s future acquisitive growth ambitions. 

The flexible finance package will allow the company to efficiently access follow-on capital for additional acquisitions and re-leverage as the business continues to grow. 

"We are delighted with the flexible terms that BDO Debt Advisory negotiated for Zenzero. Not only is it fair to say that they far exceeded our expectations and negotiated a set of documents far more favourable to us than would have been possible without their help, but they were also a pleasure to work with, and we look forward to doing so again.”

Freddie Bellhouse, Founding Partner, Fordhouse