Pricoa provides financing for UK data provider

Published: 04 October 2017

March 2017 Pricoa Capital Group provided debt financing for British data provider 118 Group. The financing consists of debt in multiple levels of the capital structure. The financing of 118 Group will allow its co-chief executives to take a greater ownership stake in the business. The financing has been provided as a combination of a senior facility, a senior accordion facility, subordinated notes, and preferred equity.