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Buzzacott has carried out financial due diligence for a funding package provided by specialist lender Shawbrook to Motivates Inc, a gift card and rewards business seeking to accelerate its growth plans.
The firm’s transaction services and financial due diligence team worked with both Shawbrook and Motivates’ leadership in shaping and delivering the review process.
According to Buzzacott, the mandate reflected its work with lenders and borrowers on tailored financing arrangements for growth-focused companies.
The finance agreement will support Motivates’ strategy, which includes potential acquisitions and a transition within its operational leadership team. The company’s principal product, the Lifestyle gift card, is positioned by the firm as a key element of its omnichannel rewards platform.
Alex Judd, partner at Buzzacott, said: “The team really enjoyed working closely with a highly effective management team and look forward to seeing the next phase of growth of a brilliant company.”
Mark Boyce, co-founder and director at Motivates, added: “We were very fortunate to work with some talented people on the transaction and the Buzzacott team were no exception. Alex and the team were great, they supported us throughout while also challenging our business model and collaborated seamlessly with our finance team.
“Their comprehensive FDD report that was delivered on time and on budget! Massive thanks to the teams for all their hard work.”
