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PKF Francis Clark provided advice to BOOST&Co on the provision of a £2m growth loan

PKF Francis Clark provided advice to BOOST&Co on the provision of a £2m growth loan to the spend analytics and buying automation business, Simfoni Limited.

Operating from regional headquarters in Chicago, London and Dubai, Simfoni secured funding to drive the expansion of its solution across the USA. The business specialises in driving operational improvement and cost reduction for its customers, which include a variety of blue-chip consultancy firms, through three key offerings: analytics, tail-spend management and reporting.

BOOST&Co provides precision lending for high-growth SME’s across a range of sectors. They provide loan structures such as venture debt, growth loans and working capital to businesses that have strong business performance with minimum revenues of £2 million, and experienced management teams.

“The customer feedback we received from Simfoni was among the best we’ve ever had,” says BOOST&Co’s principal Lauren Couch, who leads the lender’s south-west office and secured the deal.

“We have been really impressed by Simfoni’s ability to deliver rapid cost-reduction opportunities to its customers and by its experienced management team, whose track record repeatedly establishes market leadership through innovation.”

This team includes executive chairman Chirag Shah, who has more than 20 years’ experience in founding and exiting companies.

“I am absolutely delighted to have secured venture debt through BOOST&Co,” Shah says. “BOOST&Co stands out as a venture-debt financier that is truly global in nature, and that was the perfect fit for us. We’ve also known the BOOST&Co team for some time, so we know that they have a thorough understanding of our business and how we operate.”

Paul Crocker, Corporate Finance Partner at PKF Francis Clark, said “With our new office in Bristol, this was a great opportunity to demonstrate our capabilities on the financial due diligence of Simfoni. We enjoyed working with Lauren and the BOOST&Co team and look forward to supporting on further funding projects”.

The PKF Francis Clark team included Dave Armstrong and Tom Hicks. Legal due diligence was provided by DAC Beachcroft.

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