PKF Smith Cooper advises long-standing client on Metro Bank partnership  

PKF Smith Cooper has advised long-standing client Corstorphine & Wright, on its new partnership with Metro Bank.

The partnership supports the business as it enters the next phase of its growth journey.

The transaction sees Metro Bank refinance Corstorphine & Wright’s existing debt facilities, replacing Beechbrook Capital as lender, with Beechbrook continuing its support and commitment as an ongoing equity partner.

The new funding structure provides a strong and flexible platform to support Corstorphine & Wright’s continued expansion.

PKF Smith Cooper provided lead debt advisory services on the transaction, assisting Corstorphine & Wright in securing its new partnership with Metro Bank.

The PKF Smith Cooper team was led by Darren Hodson (pictured), who was supported by Tom Joy, Callum Leslie and Joe English, while Josh Gurton led the transaction on behalf of Metro Bank.

Legal advice was provided by Gateley, where the transaction was led by Chris Jones.

Corstorphine & Wright has been a client of PKF Smith Cooper for over 10 years, during which time the firm has acted as advisor across a wide range of projects.

The new partnership with Metro Bank will provide Corstorphine & Wright with both funding capacity and strategic support to enable continued organic growth as well as future acquisition opportunities.

Darren Hodson said: “The Metro debt structure was very innovative in its structure, which should prove useful to Corstorphine & Wright over the medium term.

“Metro, Gatley and Ben Round were superb to deal with throughout the process, and it was one of those deals that was a pleasure to be involved in.”