Lloyds, HSBC, GE team up for Côte funding

Leading the deal for Lloyds was directors Chris Birt and Adrian Peckham. Côte was an existing Lloyds' customer and the bank was keen to continue supporting the restaurant chain, it stated.

The HSBC team was led by Any Oates, senior director. The bank counts CBPE as one of its key mid-market sponsor relationships and has supported several of its previous acquisitions including JTC Group, Xafinity Consulting and Idis, according to HSBC.

Owen Verrier Jones, managing director in GE Capital's Leveraged Finance team, also worked on the funding package.

CBPE acquired Côte in mid-September, in a deal believed to be worth in the region of £100m after fighting off fierce competition from rival private equity houses Bridegpoint, LDC and Equistone.

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• Topics
• UK / Ireland
• Consumer
• Financing
• Close Brothers Private Equity (CBPE)
• Lloyds
• HSBC
• GE Capital