Nash Business Capital announces a growth financing transaction with Ascona Group
Ascona Group, one of the UK’s fastest-growing fuel forecourt operators, has reached 50 sites in the UK and secured backing from Crestline Europe and Nash Business Capital to more than double its portfolio to 120 sites in 2021. Ascona Group was founded in 2011 by CEO Darren Briggs, a former strategy executive for Total Oil, and embarked on its growth strategy in 2018 from its base in Pembrokeshire, Wales. Since then, the business has grown from 2 to 50 sites and now serves almost 120,000 customers a week.
We arranged debt finance from a group of private investors for Kino Digital Ltd, an owner/operator of boutique cinemas across the south-east of England, to assist with the company’s purchase of Shortwave Films Ltd in May 2017.
Nash & Co Capital has advised the shareholders of Eton Associates on their successful sale to T Clarke Plc
We arranged debt finance from a group of private investors for Sourced Market, a London-based restaurant operator, to support the company’s roll out of its Victoria and Barbican sites in February 2017.
BB Group Holdings Limited (“Fabify”)
We arranged debt finance from a group of private investors for BB Holdings Group Limited (trading name “Fabify”), an e-commerce platform selling fast fashion overstock directly to consumers without disclosing the brand names, in August 2019 to refinance existing debt and assist with the company’s expansion. Nash & Co Capital Ltd also subsequently raised EIS funding in December 2019 to accelerate the company’s growth plans.