Companies

RSM advises TFM Networks on refinancing to ‘boost growth’

Greg Moreton, Umito Choji and Kevin Le from RSM’s corporate finance team advised the company on the debt raise

RSM’s debt advisory team has advised TFM Networks Ltd on the refinancing of its outstanding debt with the support of alternative finance provider Boost and Co. 

The transaction will give TFM additional financial resources as it enters a “new phase of growth”.

Established in 2002, TFM provides “bespoke telecommunication services” to businesses, including business networks and mobile phone solutions. 

Having already completed several previous acquisitions, RSM said that TFM is now “well-positioned to capitalise on its future growth plans”. 

Greg Moreton, Umito Choji and Kevin Le from RSM’s corporate finance team advised the company on the debt raise.

Gregory Moreton, corporate finance partner at RSM said: “TFM has a fantastic reputation for providing telecom services, particularly for local businesses in the East Midlands. 

“This deal shows how a forward-looking lender can provide a really valuable growth financing package to a fundamentally strong business as the business looks to emerge from Covid-19 and embark upon the next phase of growth.”

Mark Fitton, managing director at TFM, added: “It is more crucial than ever that businesses in the East Midlands stay well connected in their networks. 

“This funding allows us to build on our services and ensure we provide robust connectivity to our customers which is key to unlocking our future growth plans. We look forward to seeing the business grow in the months ahead.”

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