Our deals

Inherent in every deal is the speed, flexibility and insight into each business that ensures that our lending solutions match long term plans and aspirations.

These are some of the deals that M&G Direct Lending has financed.



Term Loan B creates headroom for Holidaybreak

£30 million loan, part of £245 million refinancing

Headquartered in Cheshire, Holidaybreak is the leading provider of education-related residential activity trips in the UK. The company operates in a range of markets across Europe, from the UK market leader in residential trips for UK schools, PGL, to the fast-growing, design-led hostel chain, Meininger.

Following the sale of the non-core Eurocamp division, the company sought to refinance the existing debt and create a more simplified capital structure.

Read more

Hall & Woodhouse

Hall and Woodhouse

Ten-year deal for a ten-year plan

£20 million loan


Hall & Woodhouse can trace their brewing origins back to the Napoleonic Wars. Today, under the proud management of the fifth generation of the Woodhouse family, the company’s award-winning Badger brand range, including Tanglefoot and Fursty Ferret, are firm UK favourites.

New lending relationships were required to further the substantial long-term growth plans of this much admired West Country employer. In addition, Hall & Woodhouse, wanted to manage risk by looking beyond traditional banking relationships.

Read more



Award winning refinancing

£45 million loan, part of £353m refinancing


In June 2013 Workspace Group, London's leading provider of space to new and growing companies, moved all of their debt from a secured to an unsecured basis.

This was an unusual move as most property companies borrow on a secured basis. However, secured borrowing restricts how quickly property assets can be sold or refurbished due to the need for lenders’ consent. 

With a major participation from M&G, the deal not only delivered the desired business benefits for Workspace, but also secured a coveted Association of Corporate Treasurers’ (ACT) Deals of the Year Award 2013.

Read more



Lending match for S&U

£30 million loan facility


S&U is Britain’s foremost niche home credit and motor finance provider. Founded in 1938 and listed on the London Stock Exchange in 1961, S&U continues to be majority owned and run by its founding family. S&U has in excess of 140,000 customers, provides work for over 800 people and prides itself on exceptional customer service.

With an enviable track record of growth and profitability, S&U sought to diversify their lending providers and work with a finance partner who understood their sector and would take a long-term lending view matched to the length of the consumer loans offered.

Read more

Begbies Traynor

BegbiesTraynorGroupLending sync for Begbies Traynor

£10 million loan


Begbies Traynor Group plc is the UK’s leading independent business recovery practice, principally serving the mid-market and SMEs. They provide a range of specialist professional services primarily to businesses, their professional advisors and the major banks covering insolvency, financial restructuring, forensic investigation and risk consulting activities.

With cases taking three or four years to complete in some instances, Begbies Traynor’s advisers recommended looking for a long-term lender to complement shorter-term bank lending. Only one name was recommended – M&G and their Direct Lending team. The eight-year, £10 million facility from M&G ideally complemented the facilities of two banks providing shorter four-year facilities.

Read more