Vixio set to expand regulatory intelligence services, with refinance facility from Shawbrook
Global Regulatory Intelligence specialist, Vixio was acquired by Perwyn in 2022 and required funding for new product development and strategic bolt-on acquisitions. Shawbrook structured a bespoke Unitranche debt based solution to refinance the existing debt and boost liquidity.
At a glance
Global Regulatory Intelligence specialist, Vixio Regulatory Intelligence (Vixio) is set to expand its services with a refinance solution from Shawbrook.
Headquartered in London, Vixio is a leading provider of regulatory, legal and business intelligence services. Subscription based, these services enable operators, regulators, technology providers and law firms globally to manage risk and identify new market opportunities.
The business was backed in 2022 by Perwyn, a long-established European private equity investor. Perwyn’s investment in Vixio enabled the business to expand the depth of its intelligence platforms, increase geographic penetration, widen the product set and move into adjacent markets.
Vixio was looking to refinance its existing debt which would deliver liquidity for new product development and strategic bolt-on acquisitions. Shawbrook had assisted Perwyn with previous transactions and we moved swiftly to structure an Annual Recurring Revenue based solution which combined a Committed Acquisition, RCF and Unitranche facility to support Vixio with the next stage of its growth journey.
Deepak and his team impressed us with their ability to move at pace and deliver a bespoke funding package that met the particular needs of the business. A pragmatic, flexible and innovative approach to deal structuring was fundamental and Shawbrook delivered all three.
Mike Woolfrey, CEO at Vixio said,
“Out of all the debt lenders we spoke with, the team at Shawbrook were personable and quick to understand the core dynamics of our business offering. The Shawbrook team were a pleasure to work with and fully supported our plans for growth.”
Deepak Parekh, Senior Director at Shawbrook said,
“We are extremely pleased to have supported this refinance transaction which sees the injection of committed facilities to support the funding of strategic acquisitions and new product development growth. It has been a pleasure to have worked with both the management team of Vixio and their equity investor, Perwyn who bring significant expertise and experience to support the ongoing growth plans.”
Eversheds acted for Shawbrook on the deal and A&M conducted the financial due diligence. Clearwater and Osborne Clarke supported Vixio and Perwyn with the transaction.
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