Manchester-based VAR bulks up war chest for acquisitions

BCN Group raises debt facility to aid its buy-and-build strategy

BCN Group has raised a "significant" debt facility to support its acquisition strategy.

The facility is provided by NatWest and will give the VAR the backing to make strategic acquisitions to expand the scope and scale of the company's portfolio.

BCN was founded in 2009 and counts Microsoft, Citrix, VMware and Sophos among its vendor partners. It is backed by private equity firm Beech Tree.

CEO and co-founder Simon Kelf said: "We are looking at several potential acquisition opportunities already which will enable us to provide an even broader portfolio of products and solutions to our clients and an increased level of opportunity for our staff.

"This committed facility will support our strategy and enable us to move faster when assessing strategic acquisition opportunities.

"I look forward to hopefully announcing our first deal in the not too distant future."

The firm also recently appointed David Goldie as chairman of its board.

"I am delighted to have joined the board of BCN, the team have created a very successful IT managed service business with a real focus on customer service," stated Goldie.

"I am looking forward to working with the team and Beech Tree Private Equity to pursue the buy-and-build strategy."