Caple completes cross-border finance deal with Celestia Technologies Group to support acquisition and growth

Dominic Buch

Alternative SME credit specialist Caple has helped Celestia Technologies Group (Celestia), an international space technology company, to access a €4m (£3.5m) eight-year unsecured cross border loan to support an acquisition and growth.

Celestia’s British company, based in Oxford, will use the first loan of €3m (£2.6m) to support the development of a new satellite ground station in the UK for a European Space Agency project. The firm will also use the loan to realise its UK growth ambitions.

The firm’s Netherland-based company will use the second loan of €1m (£880k) to partly finance the acquisition of the satellite ground systems division of Antwerp Space Systems in Belgium.

The acquisition of this division will expand Celestia’s existing expertise in ground satellite systems and expand its international presence.

Dominic Buch, co-founder and managing partner of Caple, comments: “Celestia is an ambitious and growing international high-tech business.  As a collection of SMEs based across Europe, the group needed a sophisticated cross-border loan to help it support UK growth and acquire a Belgium operation.

“Working closely with KPMG Debt Advisory, we have now twice helped the firm access long-term fully unsecured loans that are not ordinarily available to SMEs.  Our unsecured lending deals demonstrate how we can support successful SMEs with finance to support growth across borders despite Brexit.”

Celestia is a high tech, fast-growing and ambitious multinational group of independent SMEs.  Headquartered in Holland, the group has a UK business in Oxford.  The group, which turns over around €32m (£28m) a year, delivers technology products, systems and services for the aerospace, defence, telecoms and scientific markets.

Caple, based in the UK and Holland, is the UK’s first firm to offer access to long-term purely unsecured lending of up to £5m based on the future cash flows of the SME.  It requires no collateral or personal guarantees as security.

The loans also work alongside existing secured lending, meaning firms can have access to more funding than they would get from their bank alone.  It also allows them to maintain their existing financial relationship.