Rixonway Debt Advisory funding solutions

Deal typeM&A

BDO’s Debt Advisory team advised Rixonway, the UK market leader in the design, production and manufacture of rigid kitchens focusing on the social housing market.   

Sizeable investment in machinery, IT systems and automated production processes over the last 5 years has resulted in a low cost base with high scalability. The business is now ideally positioned to benefit from recent funding changes which have added to certainty over social housing budgets and take advantage of the revived private housing market.   

Following a competitive debt process, the Company refinanced its existing bank debt and a large portion of its sponsor’s loan notes. The new debt structure comprised of a combination of invoice, P&M and property finance, as well as a tranche of term debt. 

"BDO Debt Advisory played a pivotal role in identifying an innovative funding solution. Their expert advice and quality execution support delivered a highly successful debt process".   

Ian Grant, Partner, August Equity (Rixonway’s sponsor)