Arbuthnot Commercial ABL delivers funding to fuel Vendigital’s growth
Arbuthnot Commercial Asset Based Lending (ABL) has completed a growth finance facility for Vendigital, an international management consultancy firm, backed by Livingbridge.
Founded in 2000 and headquartered in London, Vendigital is a leading international technology-led consultancy firm, which specialises in operational cost transformation, advising clients in the areas of procurement and supply chain, operating strategy, cost and value engineering and portfolio management.
Livingbridge acquired a majority shareholding of Vendigital in 2019.
The funding line from Arbuthnot Commercial ABL, coupled with Livingbridge’s investment, will support Vendigital’s organic and acquisitive growth strategy, reinforcing its position as a leading technology-led consultancy firm.
Emma Charsley, COO of Vendigital, said: “We would like to thank the experienced team at Arbuthnot Commercial ABL for their support and commitment throughout the financing process.
“They took the time to understand our business strategy and delivered a financing package that will support the next phase of Vendigital’s ambitious growth plans.”
Andrew Rutherford, commercial director at Arbuthnot Commercial ABL, said: “It was a pleasure to work with Clearwater, Livingbridge and the management team at Vendigital to explore their plans for the future.
“We have created a financing structure designed to support the continued growth of the business and we look forward to helping them achieve their ambitions.”