UK-based property management company TCL holdings has raised £10m ($17m) from Business Growth Fund, the investment fund backed by financial service firms HSBC, Barclays, Lloyds, RBS and Standard Chartered.
TCL works with estate management, landscape installation and design in the private and public sector. The investment will be used to support the company’s growth and acquisitions in the UK housing market, which is currently seeing significant growth.
TCL concurrently secured £8.4m ($14) in debt financing from Investec Growth and Acquisition Finance.
Simon Cashmore, chief execitove of TCL, said: ‘We are delighted to have secured funding with long term partners to allow us to continue to build and develop TCL over forthcoming years Despite the economic headwind, TCL has performed extremely well over the last few years and is now ideally positioned to support increased demand from the UK property market.”
– TCL photo courtesy of Business Growth Fund