Industry Sectors:

Engineering,Utilities,

Type of Finance:

Invoice Discounting

Region:

London

Date:

1 February 2017

Turnover:

5-10 Million

EPI has 30 years’ experience in delivering exploration and production consultancy services to the oil and gas industry, supporting clients with their seismic surveys, environmental projects and wellsite operations.  Headquartered in the UK, it has offices in the US, Australia, Russia, France, Ghana and South America.

In late 2016 EPI acquired P.D.F. Limited, a leading UK-based oil & gas geoscience consultancy. The acquisition complements EPI’s core operations business of supporting land and marine seismic surveys, data processing, environmental projects and wellsite operations, whilst introducing a new advisory arm to the organisation, providing a full suite of geoscience services.

This key strategic move provides a further foundation for continued global expansion and diversification. A key consideration was to ensure that EPI had a facility that provided the necessary headroom for growth at this dynamic stage of the company’s development.

Solutions

EPI needed a funder who could support the company’s international dimensions. The Confidential Invoice Discounting facility from IGF crucially provides funding for overseas sister company debtors, as well as the flexibility to support future funding needs.

This is the first time EPI has utilised an Invoice Discounting facility. What shone through from IGF during the tender was the experience of its team, giving EPI the assurance that they had a trusted partner who would be supporting them at every step of this new funding journey.

Richard Bradley, Chief Finance Officer, EPI Group, said;

“IGF answered all of our questions very thoroughly and walked us through the process. They fully supported our need for speed during the deal process and worked exceptionally collaboratively throughout.”

Jon Hughes, Commercial Director – ABL, IGF Group, said;

“We are delighted that our dedication to speed and our experience has again exemplified why IGF is the funder of choice for so many growing businesses. We are delighted to be supporting EPI at such an exciting time.”

Founded on expertise, IGF is a leading independent commercial finance provider with a national presence. We have a strong entrepreneurial culture and know what it takes to build and grow a successful business. We understand that SMEs rarely stand still. Neither do we.

At IGF, we blend art and science to meet our clients’ needs. On the one hand, there’s the creativity and passion we apply to every deal and relationship, and, on the other, the incisive technical deal structuring capability that underpins our clients’ success. To capitalise on opportunities and meet the challenges of growth, we have developed a range of solutions and services that will enable you, or your Clients, business to prosper. Our commitment to providing creative financing solutions to support business growth and working capital is stronger than ever. Whether it be for growth, a transaction to support, such as an MBO or acquisition, or help when going through a restructure we are ready to provide support.

    IGF: Independent Growth Finance  :  0800 051 8402
    [email protected]

    www.igfgroup.com
    2 Maidstone Road
Paddock Wood
Kent
Tonbridge
TN12 6GF