PwC advises ASCO Group on its first debt raise following Endless LLP's acquisition of the business

“This transaction with BZ and Leumi is a transformative step forward for ASCO, significantly strengthening our balance sheet. It enables the Group to accelerate our growth strategy and capitalise on the numerous opportunities we see in both current and future markets. Throughout this complex deal, the PwC team provided us with strong guidance as we navigated the negotiations. We also received incredible support from Endless and our legal advisors in successfully delivering this facility, and we look forward to our partnership with BZ and Leumi helping us achieve our growth aspirations across the entire energy industry.”

“ASCO is an important investment for Endless and we’re delighted to have completed this transaction with a lender group that can accommodate the multi-jurisdictional elements of the business and, alongside Endless, support their continued growth. This refinancing was the outcome of a very well-run and structured process from start to finish from the PwC team.”

“The competitive nature of the process confirms the strong market appetite for robust and well-positioned businesses like ASCO. We are confident that the business, with its expert leadership, supportive owner and collaborative lenders, is well placed to deliver on the opportunities presented by the global energy transition.”

“ASCO’s vision to strengthen its position as a leading global provider of supply base operations to the energy industry is compelling, and PwC is delighted and proud to have been given the opportunity to deploy its experienced, cross-functional Debt and Capital Advisory team to assist Endless and the business in conveying this story to the debt markets, and structure the right facilities for the company. The comprehensive funding package, led by BZ with support from club partner Leumi ABL, ensures ASCO can capitalise on the growing renewables market while continuing to support its existing customer base.”