Here are some of the latest business deals involving Welsh firms and corporate advisers, as well as a new regional headquarters for the Development Bank for Wales. Lexington Cardiff -based corporate finance house Lexington has orchestrated a £16m fundraising boost for expanding Cornish lifestyle and clothing brand Seasalt. Lexington secured the growth finance from the Business Growth Fund and Santander Corporate. Gary Partridge led the Lexington team and was supported by Thomas Edwards and John Tose. In the last three years the design-led fashion retailer has bucked the negative prevailing trend on the British high street. Over the period, Seasalt’s turnover has grown from £28m to £51m. And in March, Seasalt opened its 50th store in the UK. The terms of the deal will see the Business Growth Fund invest £11.5m — a mixture of debt and equity — with Santander Corporate & Commercial providing an additional £4.5m in debt funding. The funds will be used to open 40 new stores over the next five years. By early 2019 the company is expected to have more than 1,000 employees. “As well as developing new career opportunities, the investment will support Seasalt’s ongoing drive to improve customer experience, both in-store and… Read full this story
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