Redsquid has completed the acquisition of IT Hotdesk; their fifth deal in just 15 months. Altenburg Advisory has provided Redsquid with debt advisory support throughout that period including the most recent refinancing with Thincats and has structured an additional committed acquisition facility to support further growth.
This acquisition extends Redsquid’s UK presence into Scotland, specifically in one of Scotland’s ‘renewable cities’ – Aberdeen. During the last year Redsquid has achieved B-Corp certification and has been recognised as one of the Sunday Times Best Companies.
Founders Sohin Raithatha and Vince Mignacca remain the only shareholders and will continue to lead the company, having successfully grown it over the last 18 years.
https://redsquid.co.uk/redsquid-goes-national-and-brings-b-corp-to-scotland/
About Redsquid
At Redsquid, we are dedicated to transforming the way our customers do business through the use of technology and business communication solutions. As a provider of innovative solutions in IoT, Cyber Security, ICT, Data Connectivity & Voice, our goal is to enhance efficiency, boost productivity, and reduce costs for our customers. With our solutions, we keep businesses ahead of the curve and on top of their game in the ever-changing technology landscape, so you can trust Redsquid to be your partner in achieving success throughout the Digital Transformation.
About Altenburg Advisory LLP
Altenburg Advisory (“Altenburg”) is a specialist debt advisory firm that works with established businesses seeking debt financing to help them achieve their strategic objectives. Altenburg advises on structuring and arranging bespoke financing solutions, with a focus on leverage finance, speciality finance, asset based lending and real estate funding.