Alantra advised Gladman Group on a new debt raising

Aug 2018

Debt refinancing

Alantra has advised family-owned business Gladman Developments on a debt refinancing funded by clients of Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, to support the future growth of Gladman’s business and enhance its financial position.

Based in Cheshire and founded in 1987 by David Gladman, Gladman Developments has an enviable track record in commercial property development and, more recently, strategic land promotion across the United Kingdom. The business is approaching 250 employees and revenues of more than £75 million.

Gladman has a market-leading position in strategic land promotion – a business focused on obtaining planning position for strategic land suitable for residential housebuilding and subsequent competitive selling of this land – proven by its track record of achieving over 90% success at planning. Its sister business, Gladman Retirement Living (Trading as “Adlington”), also builds and sells affordable luxury retirement apartments for independent living—also a high-growth market.

Gladman intends to use the new financing package to drive the next phase of growth by investing in its pipeline of promotions and new Adlington sites, supported by a flexible covenant suite tailored to its business.