AVONHURST ADVISES CORMICA LIMITED ON ITS FINANCING FOR ITS BUY AND BUILD STRATEGY

Avonhurst has advised Cormica, a Limerston Capital portfolio company, on a refinancing of its existing indebtedness and on the financing for the acquisition of TPM Laboratories Inc, an independent US contract testing laboratory.

Finance Partner Ian Frost led the Avonhurst team supported by associate Oliver Elsaesser with support from corporate associate Sarah Jackson-Koufie and paralegal Katy Vella.

The financing was closed with Shawbrook and provides a stable and supportive finance partner for Cormica as it pursues its strategy to build and develop a leading medical device and pharmaceutical testing business in Europe and the USA. 

Avonhurst has previously advised Limerston Capital on the establishment of the Cormica investment platform and subsequent acquisitions in the UK.