In order to give you the best possible experience, this site uses Google Analytics to store or access information on your device to help us understand the performance of the website. Click here for more information or to amend your preferences. Do you accept these cookies and the processing of your personal data involved?

Supporting Zetland's Portfolio Strategy

BZ has completed a flexible £45.3m Real Estate Facility enabling Zetland Capital Partners LLP to leverage the portfolio of 36 property assets that the firm acquired in November 2021. The transaction supports the continuation and effective execution of the London-based Private Equity firm’s portfolio strategy. The innovative funding facility is the first of its kind since BZ was established.

The previous acquisition, for an undisclosed sum, was one of the largest UK leisure real estate transactions in 2021.

Annabel Todd, Regional Business Development Director, BZ, commented: “We are happy to have completed this transaction with Zetland. The structure and facility show BZ’s ability to look at asset classes in isolation, especially real estate, which ABLs ordinarily don’t have an appetite for. It is a fantastic portfolio with lots of opportunity and we look forward to working with Zetland and seeing the strategy implemented.”

Robert Wakeford, Managing Director, UK Sales at BZ, said: “We were excited to work with the team at Zetland Capital to provide a flexible funding facility against a significant and diverse portfolio of real estate assets in a landmark deal for BZ. It was good to have the opportunity to support the rapidly recovering leisure sector by leveraging significant property assets that will generate value for further investment.”

BZ had legal advice from Gateley (English Council), Walkers (Guernsey Council) and MacRoberts (Scottish Council). Valuations were provided by Savills. Zetlands was advised by Credavis Capital (debt advisory), BCLP (legal), Brodies (Scotland) and Mourant (Guernsey).

BZ offers structured, multi-jurisdictional ABL facilities from £10 million to £150 million that deliver working capital and corporate structuring solutions.