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Kynetec completes refinancing

Kynetec, a provider of data analytics and market research for the animal health and agricultural sectors, is investing in product development and expanding its global footprint following a refinancing from Lloyds Bank Commercial Banking.

Headquartered in Newbury, Kynetec conducts research in over 70 countries and has staff in 21 countries worldwide spanning Europe, the Americas and Asia Pacific region. The business is a market leader, with its clients including some of the leading players in the animal health and agricultural market.
 
Kynetec helps its clients make key business decisions through the annual delivery of over 30 syndicated subscription based studies, in addition to over 500 custom research projects.
 
The refinance facility will enable the business to further invest in its product development and new data delivery methods, as well as supporting the growth of its global footprint.
 
Kynetec is backed by private equity partner Inflexion, following the carve out of the business in April 2016 from research giant GfK.
 
Peter McDowell, finance director at Kynetec, says: “Our clients operate in a rapidly changing sector, where insight and data are integral to making informed business decisions. It is therefore essential that we remain at the forefront of our industry. 
 
“By undergoing a refinance, we have freed up capital to invest in our expansion. We are focused on targeting growth opportunities across the world, as well as investing in product development. This will ensure that we continue to provide an unrivalled level of insight, expertise and support to our clients.”
 
Nick Hughes, director in the strategic debt finance team at Lloyds Bank Commercial Banking who led the deal team that completed the financing, says: “Kynetec is a global leader in market research within the animal health and agricultural markets and our financing package demonstrates our confidence in the quality of the business, its management and Inflexion.”

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