Bain Capital Credit and HSBC have partnered to refinance the existing debt of Adler & Allan with a unitranche loan.

UK-based Adler & Allan provides specialist environmental and related asset resilience services and is owned by its management team and Lloyds Development Capital, which invested in 2014. HSBC has been a lender to the company for more than a decade.

“We are very pleased to be backing Adler & Allan once more, and with an innovative unitranche capital structure which reflects the strength of the business,” said James Scholes, a director at HSBC Leveraged Finance, Middle Market Financial Sponsors. “We hope this is the first of many such transactions for us in the UK and European market.”

“We are delighted to work with Adler & Allan, whom we immediately recognized as a differentiated market leader with an excellent credit profile and very strong growth trajectory,” said David Brooks, a director at Bain Capital Credit. “We look forward to a lending relationship spanning many years.”