AND Digital secures £30M asset-based lending facility with Leumi ABL

AND Digital - the leading provider of digital transformation services - has successfully refinanced a £30 million asset-based lending facility with Leumi ABL, strengthening the financial flexibility needed to fuel their ambitious expansion plans.

As a leading digital services firm in the UK and the Netherlands - with financial backing from investment company BGF - AND continues to power product development and digital transformation for global companies. Their client roster boasts household names like British Airways, Conde Nast, The Telegraph, Gousto, and more.

Rob Farrell, Chief for Global Operations AND Problem Solver at AND Digital, stated: "Securing this refinancing deal represents a pivotal moment for AND Digital. We're setting the stage for more robust growth and are thankful for RSM's invaluable insights that steered this deal to completion. Leumi ABL has shown they're the right partner for us, aligning seamlessly with our values and strategic vision."

Jonathan Hughes, Regional Sales Director at Leumi ABL, said: "AND Digital is a dynamic player in the digital services arena. This new facility is tailored to support their financial objectives, and we're proud to be part of their growth journey."

Tom Straw, Advisory Partner at RSM, added: "This refinancing deal underscores AND Digital's solid market position and highlights the importance of custom financial solutions. The new facility is a testament to AND's compelling business model and potential."

All parties would like to express their thanks to the firms who made this possible: RSM for advisory services, Addleshaws for legal services for Leumi, Osborne Clark for legal representation for AND Digital, Field Seymour Parkes for BGF, European Valuations for debtor book due diligence, and PwC (Reading) for financial due diligence.

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About AND Digital

AND Digital is a digital services company with a mission to close the world’s digital skills gap. It guides, builds and equips organisations in the development of world-class digital products and capabilities. Employing 1,500 strong and growing digital experts, its unique approach of equipping its clients with the digital skills and capabilities they need to excel, rather than leaving them dependent upon third parties, has been the driver of the company’s rapid growth. 

AND Digital empowers organisations including BA, Diageo, Whitbread, Taylor & Francis, ASDA, Nationwide Building Society,  and the Telegraph Group, with the ability to build digital products AND grow their internal capability along the way. 

To achieve this, the company blends technical craft and digital product expertise with an award-winning learning and development ethos. Ranked 10th nationally in The Sunday Times 100 Best, among The Sunday Times Growth 100 2022, AND Digital is also rated as one of The Next Web’s Top 5 fastest growing UK tech companies. 

AND Digital operates through an innovative series of nimble, Agile ‘Clubs’ across the UK in cities including London, Leeds, Manchester, Birmingham and Edinburgh – plus Amsterdam and Rotterdam in The Netherlands - offering a flexible and highly responsive service to clients. 

About Leumi

Leumi ABL is an award-winning specialist in providing structured asset-based lending facilities and is part of the European subsidiary of the A-rated international banking group, Leumi Group. Whether looking to refinance, restructure, support growth, make an acquisition or MBO’s and MBI’s, Leumi’s unrivalled ABL experts empower and support ambitious businesses to maximise opportunities efficiently and flawlessly across the UK and Europe. Established in 2006, LABL known for their personal service, flexible approach and speed of response.

About RSM

RSM is a leading audit, tax and consulting firm to the middle market with nearly 4,900 partners and staff operating from 31 locations throughout the UK. For the year ending 31 March 2022, RSM generated revenues in excess of £425m. RSM UK is a member firm of RSM International - the sixth largest network of audit, tax and consulting firms globally. The network spans more than 120 countries, over 830 offices and more than 57,000 people, with global revenues of $8 billion (US).