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FRP Corporate Finance has secured a multimillion-pound refinancing package for recruitment specialist SEC Life Sciences.
SEC Life Sciences work with leading firms in the life sciences industry, from the earliest stages of product development right through to commercialisation providing solutions from Workforce Planning through to Retained Executive Search.
The company’s roots in the fields of biotechnology, medical technology, digital health, medical devices, and pharmaceuticals have earned them a reputation for excellence in life science staffing, allowing them to match top candidates with the innovative companies that drive the sector forward.
With operations spanning the US, UK, DACH and mainland Europe, the group supports life sciences firms in their pioneering work and with the talent that brings their products to those who require them.
To support SEC Life Sciences growth ambitions, FRP Debt Advisory team, led by partner Nick Grainger ran a tightly focused process to deliver a hybrid debt facility to refinance the company. Simultaneously, the client finalised a shareholder restructuring, with management obtaining a majority stake.
Regarding the process, Grainger said: “We’re delighted to have advised on this transaction. It sets the stage for SEC Life Sciences, guided by its highly experienced management team, to position the company for enhanced market presence and sustained success in the foreseeable future.”
