Travers Smith LLP has advised Shawbrook Bank (Shawbrook) on the provision of a unitranche facility to Alcuin Capital Partners (Alcuin) in relation to its investment in the Management Buy Out of TuffX Glass, a market-leading bespoke toughened glass processor specialising in the residential sector.
Alcuin specialises in making growth capital investments and supporting management buyouts in profitable smaller-middle market companies, and has been supporting entrepreneurs in this segment of the market for over 25 years. Alcuin is a supportive lead investor with a strong preference for owner-managed businesses and has helped build several truly unique, world-class businesses.
The Travers Smith team was led by Finance Partner Katie McMenamin with support from Associates Jason Larkins and Kamila Wisniewska and Trainee Alice Stephen.
Jen Murray, Head of Financial Sponsors at Shawbrook, commented "We are delighted to work with Alcuin as they support TuffX Glass to deliver its next phase of investment and expansion, and look forward to seeing their long and successful journey together. As always we are grateful for the continued support of Travers Smith as a go-to legal adviser on our unitranche product and were impressed with the strength of the entire team, particularly the expert advice from Jason throughout the transaction."
This is the latest in a series of deals that Travers Smith has advised on since Shawbrook launched its unitranche product in summer 2019.