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Leumi ABL completes £20m refinancing deal with Rethink Professional Services

Posted: 1st February 2024   |   Share


Leumi ABL is pleased to announce the successful refinancing of Rethink Professional Services, with a £20m facility.

Rethink Professional Services, is a recruitment solutions provider renowned for its high-quality client portfolio, which includes companies such as Alliance Healthcare, Shell, Warner Music, etc. Rethink Professional Services made the strategic decision to return to Leumi ABL for their financial needs.

Leumi ABL had initially provided funding to Rethink Professional Services a few years ago. Their decision to return to Leumi ABL was driven by Leumi providing an increased and cost-effective facility.

The successful completion was made possible through the collaborative efforts of Jonathan Hughes and Austin Thorp. Rethink appointed the Debt Advisory team at Teneo to find a new funding partner (Chris Edwards & Scott Ellis), and Osborne Clark, and Leumi were aided by Jon Bew from Shoosmiths.

Rudolph Botha, Group CFO at Rethink Professional Services, expressed, "We are pleased to renew our partnership with Leumi ABL. Their understanding of our business needs and tailored financial solutions have been pivotal in our growth strategy. This refinancing reinforces our commitment to providing top-tier services to our clients."

Jonathan Hughes, Regional Sales Director at Leumi ABL, remarked, "It's great to be supporting Rethink Professional Services again. This deal underscores our commitment to long-term client relationships and bespoke financial solutions. We look forward to supporting their continued success and growth.  We’d also like to thank the teams at Teneo, Shoosmiths and Osborne Clark for their hard work.”