Challenge

EnSilica UK is a leading fabless designer of application specific integrated circuits (ASIC) for OEMs and system houses. The company has world-class expertise in supplying custom analog, mixed signal and digital integrated circuits to its international customers in the automotive, industrial, healthcare and consumer markets.

EnSilica was looking to reposition part of its business as part of a long-term strategy but did not have the appropriate capital structure to fund the project.

Solution

Preparation

We engaged with EnSilica’s management team to understand the nature of the business, their specific funding needs and their working capital requirements to support growth. We condensed management information into a concise and compelling lender presentation pack.

Financial Modelling

We analysed the modelled cash flow forecasts to determine the right level of funding required. We also assessed affordability for the benefit of both EnSilica and the lender. This underpinned a detailed funding proposal to support the application to Caple.

Relationship Management

To allow EnSilica’s management team to focus on running the business, we supported and streamlined the application process and led negotiations with the lender.

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Results

With our support, EnSilica secured an eight-year fixed rate loan facility through Caple, which is totally unsecured and does not require any equity dilution. This provided optimal capital support for EnSilica’s business strategy which includes developing new products and to continue with its recruitment plans.

testimonial

“The process to initiate and complete this funding provided by Caple was managed effectively by Shaw & Co. They showed particular expertise in rapidly understanding the nature of our business model and demonstrated their commercial experience. Their track record of working with Caple was of advantage in ensuring we completed the process promptly.

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This funding opportunity was brought to us by Shaw & Co and their management of the process was critical for our success."

Mark Hodgkins
Chairman, EnSilica UK