Funding boost puts Southern Communications on road to more acquisitions

Basingstoke-based Southern Communications is to target more acquisitions following an increase in existing debt facilities from a syndicate led by Santander Corporate & Commercial, alongside HSBC and Aviva Investors.
 
The company has completed 13 acquisitions since 2013 after it first secured a Santander Growth Capital loan.
 
Southern Communications CEO Paul Bradford said: "This latest funding gives us the means to continue to realise our ambitions. The process bringing Aviva on board, overseen by Santander, was well-run and delivered on time in a relatively tight timetable."
 
Saul Proctor, Director, Financial Sponsors, Structured Finance Group, Santander Corporate & Commercial, said: "Southern Communications has a proven, highly successful acquisition track record, which has added significant scale and capability. Additional acquisitions will only increase Southern Communications' competitive advantage."