Bank of Ireland’s Media team has joined the refinanced £85m revolving credit facility to St Ives plc (St Ives), a new customer to the bank.
St Ives is a leading global strategic marketing services group that provides digital marketing, data and consultancy solutions to a diversified blue chip customer base. Over the past eight years management have transformed the business from its legacy printing services background, into one focused exclusively on next generation strategic marketing services.
Commenting on the transaction, Mark Birkenshaw, Director, Bank of Ireland Media team, said: “We are delighted to be able to support the business and its management team in this exciting next phase of its evolution. The team has done an exceptional job reshaping the business over recent years and are now well positioned to accelerate performance within the high growth, higher margin digital marketing sector.”
Brad Gray, St Ives CFO said: “Bank of Ireland’s Media team has developed a good relationship with us over the past two years, demonstrating their detailed knowledge of the sector and we are really pleased that they have joined our group of lenders. We look forward to developing a long term relationship with Mark and the team going forward.”Meet the Team