Clearwater International advises plan.com on refinancing to support continued growth
Clearwater International has provided debt advisory support to plan.com, an industry leading connectivity platform providing tailored telecoms and other connectivity solutions, on a refinancing deal which will support the business’ ongoing strategic growth.
Established in 2013 and headquartered in the Isle of Man, plan.com has been recognised as one of the fastest-growing companies in the UK technology sector, as evidenced by its number one ranking in the 2018 Sunday Times Tech Track 100 and its subsequent listing in both 2019 and 2020 as well as its listing in the FT1000 for 2020.
As UK businesses dealing with the Covid-19 pandemic realise and appreciate the benefits of a mobile workforce, plan.com has thrived. The business provides customers with omnichannel communications connectivity through a suite of mobile, fixed-line, broadband, Hosted and internet of things (IoT) solutions, all of which are supported and managed via its single, proprietary ‘my.plan’ platform.
‘my.plan’ is a highly advanced tech-driven platform offering its customers and partners proactive and real-time management of their communications estate.
The refinancing transaction will allow the business to continue its growth trajectory, develop its existing SAAS offerings such as ‘my.plan’, further develop its Hosted offering and support a targeted acquisition strategy in the future.
The debt facilities have been provided by Santander and Barclays Bank via a Banking Club arrangement.