RBS Provides Refinance For StatPro Group

26th February 2009

Wimbledon, 20th February 2009: StatPro Group PLC (StatPro) , an international AIM listed provider of portfolio analytics and data solutions for the global asset management industry, has undergone a £19.25M refinance of its debt facilities, provided by The Royal Bank of Scotland (“RBS”).

Established in 1994, StatPro has been AIM listed since 2003 and the company’s UK base is headquartered in Wimbledon. It supplies a wide range of software and data services to the Global Asset Management industry principally for risk management, performance measurement and visibility and regulatory purposes. The successful business has grown, organically and by acquisition, from a single product company into a group with a global presence, offering one of the broadest product offerings in the market today. 

The bank’s specialist Corporate and Structured Finance (CSF) team, led by Colin Robertson and Simon Burrow, worked closely with the StatPro management team to understand their business aspirations and provided a bespoke funding package to refinance the business. The RBS CSF team put a senior debt facility in place, comprising a five year flexible finance package to both strengthen StatPro’s balance sheet and help ensure it is well positioned to invest in organic business generation initiatives where it is in the best interest of StatPro and its shareholders. Moving forwards Relationship Director Neil Edwards will work with the business, which has switched its full day to day banking facilities to RBS.

Justin Wheatley, Chief Executive, commented:
“We are delighted to have put in place new financing arrangements that bring immediate benefits to the financial health of the Company.  Given the current economic environment the securing of this facility is testament to the strength of the business and its future prospects.  In particular I believe it recognises that our products enable our clients to do more for less, which is essential in challenging market conditions.  Given continued high levels of demand for our products and a high level of visibility afforded us by our business model, we view the future with confidence.

“I am grateful to the RBS team for providing us with a bespoke finance solution which is going to assist us in taking the business to the next level. Their flexible and friendly approach has made the refinancing and implementation process smooth and easy.”

Colin Robertson, Director, Corporate and Structured Finance at RBS Corporate Banking commented:
“We have long been impressed with the strong business acumen within the StatPro management team and I am very happy to provide a bespoke finance package to them, positioning them in a much stronger position in helping them to achieve their long-term ambitions and strategies. We look forward to working with this dynamic team as the business continues to evolve.”

Click Here to go back to news headlines