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Completed Transactions

DONCASTER POWER PROJECTS

Nash Business Capital Ltd, is providing funding to Doncaster Power Projects Limited for the construction of a 10MW Battery Energy Storage System in Car Hill, Doncaster. The Project is currently being constructed and will provide a range of services to the electricity grid.

AWAY CHELTENHAM

Away Cheltenham Ltd, a self-storage owner/operator, trading under the StoreAway brand, has secured an undisclosed amount of growth capital from Nash Business Capital Ltd, in conjunction with funding arranged by Nash & Co Capital Ltd. Established by a team of self-storage management and property experts, StoreAway offers flexible storage space in city centres and urban settings by repurposing unoccupied retail and leisure outlets. To date, Nash Business Capital Ltd has funded the acquisition of a long leasehold site in Cheltenham, a former Lidl supermarket, and a freehold property in Bath.

ARTISTIC SINCLAIRS 1

Nash Business Capital Ltd, in conjunction with finance arranged by Nash & Co Capital Ltd, has provided acquisition funding to Artistic Sinclairs 1 Ltd, a subsidiary of Artistic Spaces Group Ltd, to fund the purchase of a section of Wallis House, the iconic Barratt building off the Chiswick Flyover in Brentford. Artistic Spaces Group Ltd rents out affordable and flexible studio space to the creative industries, as well as to small businesses, and operates 9 sites covering a total of 300,000 square feet. The Wallis House acquisition adds another c.30,000 square feet to the group’s portfolio. The provision of finance from Nash Business Capital is part of a facility to finance Artistic Spaces Group Ltd’s growing pipeline of properties in and around Greater London.

THE CROSSROAD GROUP

Nash Business Capital Ltd has provided £3,250,000 of acquisition funding to The Crossroad Group to finance the purchase of The Laurels, a 49-bed elderly care home in Attleborough, Norfolk.  The Crossroad Group operates Hoyland Hall and Royal Court, two elderly residential care homes in Barnsley, which are held under leaseholds.  The addition of The Laurels increases the total registered bed capacity of the Crossroad Group to 136 beds. The funding from Nash Business Capital is part of a larger £5,500,000 facility that is being made available to The Crossroad Group to finance the purchases of the freehold properties in Barnsley.

FIVES SOCCER CENTRES

Nash Business Capital Ltd is providing growth finance to Fives Soccer Centres Limited, an operator of small-sized football pitches. Fives Soccer Centres was founded in 2018 by Scott Penman and currently operates at 5 locations, including Soccerdome Trafford (Manchester), Hamilton (Scotland), Leeds, Birmingham and Wigan. Nash Business Capital’s funding is being used for the development of five-a-side football centres across the UK with high quality pitches and modern clubhouse facilities.

CONSTANTIA CH

Nash Business Capital has provided £2,700,000 of acquisition capital to Constantia CH Limited to finance the purchase of Crawshaw Hall Medical Centre, a 50-bed nursing home occupying a Grade II* listed building in Rossendale, Lancashire, which is rated ‘Good’ by the Care Quality Commission (‘CQC’). Constantia CH is an affiliate of Constantia Healthcare Limited, which was founded in 2014 by Anthony Massouras and Nick King. Constantia Healthcare owns and operates two elderly residential care homes in Middlesbrough and a nursing home in Blackburn. The addition of Crawshaw Hall increases the total bed capacity of Constantia to 183 beds. The infusion of new capital from Nash Business Capital is part of a larger £5,000,000 facility that is being made available to Constantia to pursue further acquisitions.

DRY ICE SCOTLAND

Nash Business Capital has provided up to £3,300,000 of growth capital to Dry Ice Scotland Limited, a leading manufacturer of dry ice products including pellets and slices. Since 2011 Dry Ice Scotland which is owned by the brothers Richard and Ed Nimmons, has produced dry ice pellets from its existing facility in Forfar using liquid CO2 feedstock purchased from third parties.

MUMBLES PETROL & CONVENIENCE HOLDINGS

Nash Business Capital, in conjunction with financing arranged by Nash & Co Capital Ltd, has provided up to £10,500,000 of growth capital to Mumbles Petrol & Convenience Holdings Ltd (‘Mumbles’), a developer and owner of UK freehold petrol filling stations (‘PFS’) and standalone convenience stores. Mumbles, founded by Simon Arber and Dominic David, acquires existing trading PFS and convenience stores, redevelops the sites from the ground up and leases them to nationally recognised retailers such as Co-op and BP/M&S. The new funds will finance a development pipeline of sites across England and Wales.

Ascona Group

Ascona Group, one of the UK’s fastest-growing fuel forecourt operators, has reached 50 sites in the UK and secured backing from Crestline Europe and Nash Business Capital to more than double its portfolio to 120 sites in 2021. Ascona Group was founded in 2011 by CEO Darren Briggs, a former strategy executive for Total Oil, and embarked on its growth strategy in 2018 from its base in Pembrokeshire, Wales. Since then, the business has grown from 2 to 50 sites and now serves almost 120,000 customers a week.

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