HSBC, Others Support Finsbury Foods Acquisition of Ultrapharm

Welsh specialty bakery manufacturer Finsbury Foods secured an additional £15 million ($19 million) finance package from HSBC UK and its other banking partners to support the acquisition of gluten free bakery business Ultrapharm.

RBS Supports G&H Acquisition of Gould Technology

Gooch & Housego, a specialist manufacturer of optical components and systems, acquired the trade and assets of Gould Technology, trading as Gould Fiber Optics for a total consideration of up to $16.4 million.

13 Banks to Lose Millions After Carillion Collapse

Reuters reported that British lenders, including Barclays, the Royal Bank of Scotland and Lloyds Banking Group, may lose hundreds of millions of pounds in outstanding loans following the collapse of UK-based Carillion, a facilities management and construction company.

RBC Upsizes Non-Standard Finance Facility to $129MM

Non-Standards Finance has used the accordion feature to expand its facility with the Royal Bank of Scotland from £85 million ($105 million) to £105 million ($129 million).

Stewart to Lead Gordon Brothers Australia Office

Gordon Brothers has expanded its footprint to Australia. Based in Sydney, the new office will be led by Tim Stewart, who will serve as managing director, Australia.

Barclays, RBS Support Adept Telecom Buy

Barclays and the Royal Bank of Scotland provided a £30 million ($37.4 million) five-year revolving credit facility to Adept Telecom to support its £4.75 million purchase of OurIT.

RBS, Wells Fargo, Others Provide $364MM Faroe Facilities

Independent oil company Faroe Petroleum signed two banking facilities that will provide financing to underpin the company’s growth plans.

RBS, Lloyds Arrange $61.2MM Pantheon Facility Upsize

Pantheon International agreed an additional multi-currency revolving credit facility agreement of £50 million ($61.2 million), arranged by the Royal Bank of Scotland and Lloyds Banking Group.

RBS Adds Hodgson to London ABL Team

Royal Bank of Scotland expanded its asset-based lending team in London with the appointment of Charlie Hodgson as business development director.

RBS Provides ABL Facility for bathstore

UK-based bathroom retailer bathstore secured a funding deal with the Royal Bank of Scotland’s Asset-Based Lending team.