CQS provides £22 million loan to UK telecoms provider, saving acquisition

Published: 04 October 2017


CQS provided a £22 million loan to a UK telecoms provider, without any co-investors. The telecoms provider was intending to purchase a listed IT provider using bank loans, but when the banks shrank their support at the last minute CQS stepped in and acted as the sole provider of a £22 million loan which allowed the acquisition to proceed.