MDW Capital advises Longacre Group on raising debt facilities to support its investment in Veracity UK Limited
London, 12 December 2024
MDW Capital is pleased to announce the completion of its latest transaction. The Firm has advised Longacre Group (“Longacre”) on arranging debt facilities to support its investment in Veracity UK Limited, a global leader in the supply of technical connectivity products and software for the enterprise video surveillance market.
Veracity is based in Prestwick, Scotland, and supplies a range of transmission, storage and display products for the global IP video surveillance market as well as associated security management software systems. The multi-billion pound global video surveillance market is projecting double digit CAGRs to 2030, driven by advancements in technology and rising security concerns across various sectors.
Longacre Group, the long-term investment company founded by Stani Schmidt-Chiari and Elliott Nicholson and focused on the sustainable development of B2B companies, hired MDW Capital to advise on capital strategy and securing a financing package to support its investment.
James Moreton, Managing Director of Longacre Group, commented: “Longacre Group prides itself on its flexible investment strategy and the value we can bring through our in-house team of operating partners. We are delighted to be partnering with the team at Veracity in this next stage of the group’s accelerated growth. Getting the right debt advice to support the acquisition was critical so we engaged MDW Capital. The deep involvement of the MDW team particularly with the hands-on engagement by the deal partner has resulted in a debt solution that is tailored to the company’s needs and our investment strategy.”
Jacco Brouwer, Partner at MDW Capital added “we are delighted to have supported Veracity and Longacre in arranging the financing to support the new investment. It was delivered with the Firm’s distinctive advisory approach that our clients value so highly: deeply rooted in the partners’ experience and expertise as shareholders, lenders, and investors. We congratulate the entire team on the completion, which marks MDW’s 80th in six years, and look forward to tracking the continued growth and success of the business.”
Contact details:
| Andrew Aylwin
M: +44 777 177 3411 |
David Culpan
M: +44 7734 388 762 |
Jacco Brouwer
M: +44 7561 805 501 |
About MDW Capital
MDW Capital provides specialist capital advisory services to companies and their shareholders. Primarily focused on the European market, and with a greater global reach when needed, MDW Capital’s mission is to solve clients’ capital challenges, using the team’s deep experience and relationships gained from raising in excess of €15 billion of capital, in more than 235 transactions across Europe, the US and the Far East, from over 75 lenders and more than 40 institutional investors.
The partners’ background as investors, lenders and borrowers brings a new perspective to capital advisory. Their background, track record and approach of partnering with companies over a number of years sets MDW Capital apart, whether advising or as a board member, managing or overseeing the long-term relationships with capital providers, or supporting management teams and investors throughout the life of an investment.
Most importantly, MDW understands that capital is about more than just the money.
About Longacre Group
Longacre Group, founded in 2014 by Stani Schmidt-Chiari and Elliott Nicholson, focuses on B2B companies in four core sectors: technical manufacturing, business services, speciality chemicals, and healthcare products and services. With 800 employees worldwide, the firm’s flexible approach to business and investment allows it to make decisions quickly and transparently.