Credit Analytics – Senior Associate

Total Capital backs MBO at Radiocoms. Posted on Wednesday, April 22, 2026 - 12:04 Radiocoms has completed a management buyout backed by Total Capital Partners, marking a key milestone for the company as it aims to accelerate growth and expand its capabilities in the comms sector. OakNorth provided the funding package to Radiocoms, to support Total Capital Partners' investment and enable Chief Executive Officer (CEO) Mark Blythe to lead a management buyout alongside a targeted buy-and-build strategy. Over the last FY 2025, the independent comms and security networks provider Radiocoms delivered strong growth, reaching £38.7m turnover and double-digit EBITDA margins and supported by continued investment in engineering and advanced integrated technologies. Total Capital Partners' investment will give the backing for a management buyout from the founding shareholders. The independent sponsor initially backed a plan to boost the growth of the business both organically and via acquisition, with a targeted buy-and-build strategy already in place and additional funding support committed to underpin this growth. This new investment will support Radiocoms' next phase of growth, including expanding its presence across defence and critical infrastructure markets, investing in new technologies, and executing its acquisition strategy. "From the outset, OakNorth demonstrated a deep understanding of our business and the dynamics of sponsor-backed transactions," Blythe said. "Their experience in supporting management buyouts, combined with their speed, flexibility and ability to deliver certainty of execution, made them a highly valued partner throughout the process." Image shows: Mark Blythe, Chief Executive Officer (CEO) at Radiocoms Related Topics

OakNorth has provided a £50 million revolving credit facility to CLS Holdings to support refinancing and asset management across its European property portfolio. The London-listed real estate investor owns office and commercial assets across the UK, Germany and France, with a portfolio valued at approximately £1.7 billion. The facility will refinance existing debt and fund ongoing investments including refurbishment, leasing activity and asset repositioning. CLS Holdings manages over 650 occupiers across 80 sites. Harry Stokes, Chief Financial Officer at CLS Holdings, said OakNorth demonstrated strong understanding of the business and delivered the solution quickly. The funding will support continued investment in high-quality, sustainable office space whilst maintaining disciplined capital allocation.