Travers Smith LLP has advised Inflexion on the refinancing of Celnor Group Limited (Celnor), with new senior facilities made available by Ares. Celnor is a specialist provider of testing, inspection, certification, and compliance (TICC) services and this new funding will support the business throughout its ambitious growth strategy.
Celnor is a group of complementary businesses offering a broad range of TICC services to commercial clients across the UK. The business’s member companies provide the data, consulting, and insight that its customers need to manage sustainable development and compliance with environmental and occupational regulations.
The Travers Smith team was led by Head of Leveraged Finance Matthew Ayre and Finance Parter Will Sheridan, with support from Senior Associate Michael Leadbeater, Associate Jody Coleman and Trainee Georgia Gridley.Inflexion has built up industry-leading expertise in consolidating the TICC market through a number of successful investments in the sector, including BES Group which Travers Smith recently advised on the upsizing of its secured credit facilities, Phenna Group and Alcumus.
Inflexion and Celnor were also advised by Clearwater.
