Osborne Clarke has represented the Financial Sponsors team at RBS on its acquisition financing of this key customer by Kester Capital. RBS has worked with Frontier for a long time and was a natural choice to support Kester and Frontier into this next phase for the business.

RBS provided term and ancillary facilities for the transaction. Commenting, Nick Evans, Director at RBS, said:

“We are very pleased to have been able to support this transaction and continue our relationship with Frontier, a strong local business that we have worked with since 1973.”

Omar Al-Nuaimi, who led the team at Osborne Clarke, said:

“It was great to work alongside RBS and the other parties on this important transaction. Osborne Clarke have advised lenders on more than a dozen similar leveraged finance transactions in the last 6 months which demonstrates the core strength returning to the UK mid-market.”