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Daisy bags loan
UK-based business telco Daisy Group has secured a £75m club loan from a group of three banks.
Lloyds TSB, HSBC and Yorkshire Bank are each lending £25m to the highly acquisitive Daisy for a three year revolving credit facility.
Daisy, which was formed…
UK-based business telco Daisy Group has secured a £75m club loan from a group of three banks.
Lloyds TSB, HSBC and Yorkshire Bank are each lending £25m to the highly acquisitive Daisy for a three year revolving credit facility.
Daisy, which was formed by CEO Matthew Riley in 2001, has made a host of acquisitions in the unified communications space in the last two years and remains on the lookout for more.
Daisy Group CFO Anthony Riley said: “This deal along with our ongoing investment and acquisition programme further demonstrates our commitment to consolidating the fragmented reseller market.”
