Bain Capital, LP is one of the world’s leading private investment firms with approximately $185 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. We leverage our shared platform to capture cross-asset class opportunities in strategic areas of focus. With offices on four continents, our global team aligns our interests with those of our investors for lasting impact.

Bain Capital Investor Portal Please log in to access your account information. If you have any questions regarding your account, please contact

Bain Capital Credit and HSBC refinance LDC-backed Adler & Allan

July 6, 2017

Media Contacts

Share this page

Bain Capital Credit and HSBC refinance LDC-backed Adler & Allan

LONDON, July 6, 2017 – Bain Capital Credit and HSBC announced today that they have partnered to refinance the existing debt of Adler & Allan with a unitranche loan. Adler & Allan is one of the UK’s leading providers of specialist environmental and related asset resilience services and is owned by its management team and Lloyds Development Capital, which invested in 2014. HSBC has been a lender to the company for more than a decade.

“We are very pleased to be backing Adler & Allan once more, and with an innovative unitranche capital structure which reflects the strength of the business,” said James Scholes, a Director at HSBC Leveraged Finance, Middle Market Financial Sponsors. “We hope this is the first of many such transactions for us in the UK and European market.”

“We are delighted to work with Adler & Allan, whom we immediately recognised as a differentiated market leader with an excellent credit profile and very strong growth trajectory,” said David Brooks, a Director at Bain Capital Credit. “We look forward to a lending relationship spanning many years.”

“We have had an extremely strong relationship with HSBC for many years. Alongside Bain Capital Credit, they have delivered an innovative and compelling refinancing,” said Mark Calvert, CEO and shareholder of Adler & Allan. “Bain Capital Credit have differentiated themselves through their industry expertise, understanding of our business, quick execution and firepower to support our business in future transactions.”

About Bain Capital Credit

Bain Capital Credit (, founded as Sankaty Advisors in 1998, invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans and equities. Our team of more than 200 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital invests across asset classes including private equity, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.

Bain Capital Credit's dedicated Private Credit Group focuses on providing complete financing solutions to businesses with EBITDA between $10 million and $100 million located in North America, Europe and Asia Pacific. Our dedicated global team affords us the ability to diligence the most complex situations and provide private capital to those companies.

About Adler & Allan Group

Through over 90 years of steady growth and strategic acquisition, the Adler & Allan Group, including E&S, WES and AJ Bayliss, has become one of the UK’s leading providers of environmental and related asset resilience services, with a nationwide customer base and world-leading capabilities.

As a major player in the UK the Group is unique in offering both operational capability and consultancy expertise in range and depth. Adler & Allan’s areas of expertise include emergency response; environmental, mechanical, electrical and civil engineering services as well as specialist fuel service capabilities; land and marine.

Its strategy is underpinned by the ongoing broadening of our service offering, forming strategic, long-term partnerships with customers to deliver an increasingly multidisciplinary range of services across the full life cycle of their assets.