South: Porta Communications plc secures funding from Clydesdale

HMT, led by partner Chris Gow and associate director Adrian Howells, helped international communications and marketing group Porta Communications plc secure a £3.3 million revolving credit facility from Clydesdale Bank plc.

Porta is an international consultancy business offering their clients a range of communications, marketing, design, advertising and analytical services to meet the fast changing communications and information landscape. Porta currently owns seven specialist brands with 18 offices in 9 countries across Europe, Middle East and Asia Pacific.

HMT’s debt advisory team helped Porta to raise a £3.3million revolving credit facility with Clydesdale which will provide the business with greater working capital flexibility and to support Porta’s ongoing strategy of recruiting senior practitioners.

Gene Golembiewski, group finance director of Porta commented: “Chris and Adrian at HMT were very helpful throughout the process, taking us to see the right mix of lenders and helping to guide us at every stage. Any time I had a question, their advice was always just a phone call away. I would recommend their services to any finance director seeking debt for their business.”

Chris Gow commented: “We have assisted Porta on a number of initiatives in the past 18 months and are delighted to have deepened our relationship by advising them on their new revolving credit facility, which will support the next phase of growth. This is the first plc transaction for HMT debt advisory and helps broaden our offering across the lower-mid market.”