Connection Capital: Securing next stage of growth for Mode

An innovative provider of managed print services based in Hertfordshire, Mode Print Solutions offers hardware, software, remote and onsite support for small and medium-sized businesses across London and the South East.

Since it was founded over 20 years ago, Mode has taken full advantage of technological innovations such as cloud computing, improved printing technology and the ability to be able to fix networked printing systems offsite via remote access.

Mode now has around 700 long-term contracted customers, with a very high retention rate, enabling its impressive performance and leading to the attraction of investment.

In August 2018 the company underwent a £20.5m management buy-out (MBO). The MBO was led by Connection Capital LLP, whose investor clients provided £8.1m in private equity investment, while Clydesdale Bank provided £11m of debt facilities. 

Having advised Connection Capital on numerous transactions since 2009, we were delighted to support both them and their investors on this investment. Our advice and support included providing specialist asset finance advice on Mode's key sales and purchase agreements, which are  critical to its business model, and advising on the acquisition of Mode through a double newco structure.