Arbuthnot Commercial ABL delivers scalable funding facility
Arbuthnot Commercial ABL has delivered a flexible receivables finance facility to support the growth of 21six Group, a collection of print management, marketing, web, content and social media services agencies, as it realises its plans to scale through further acquisitions.
The group currently consists of five agencies specialising in services such as marketing and digital product build.
The group provides a fully integrated business solution, offering clients one place for all of their needs.
Rick Ankers, chief executive at 21six Group said: “We were introduced to the ABL team by Arbuthnot Latham, with whom we have an excellent relationship.
“It was clear from the start that Arbuthnot Commercial ABL understood our world and that they could see exactly what we were looking to achieve with our acquisition strategy and the types of businesses that we are looking to bring on board.
“We worked closely with the senior team, who were professional, entrepreneurial, and communicative, as well as being very easy to work with.
“As a result of the funding from Arbuthnot Commercial ABL, we are already looking at exciting new acquisitions, including a video content company and a specialist sports marketing communications and content agency.
“As a fast growing media and communications group, we are delighted to have found the right partner that can help take us forward on our acquisition path.”
Andrew Rutherford, commercial director at Arbuthnot Commercial ABL, added: “21six is a progressive and dynamic Group with strong ambitions for growth.
“By unlocking the value tied up in the Group’s assets, we were able to release the quantum of finance required for future acquisitions, enabling them to meet their growth aspirations.
“We look forward to supporting Rick and the management team at 21six as a strategic funding partner on the next stage of their exciting journey.”