News & Insights

FSP advises TP Group plc in connection with its loan facility from HSBC UK Bank Plc

A team at FSP has advised TP Group plc on its £7 million loan facility from HSBC UK Bank Plc.

Reading-based TP Group is a global leader in consulting, digital solutions and engineering for the defence, space and energy industries, and will utilise this new funding line to invest in product development, third-party partnerships, company acquisitions and expansion into the US, Far East and Australia, which it sees as key markets for growth.

Claire MacPherson, Group Head of Legal at TP Group, commented: “This multi-million pound funding facility provided by HSBC UK will be instrumental in allowing us to maximise growth overseas. Having FSP’s experienced and pragmatic lawyers to advise and assist us on the loan documents and to coordinate the completion process was invaluable.”

John Barker (partner, banking and finance) led the FSP team with assistance from Ruo Wu.