Birketts has advised long-standing client SDI Group plc (AIM: SDI), a leading specialist in the design and manufacture of specialist lab equipment, industrial and scientific sensors and industrial and scientific products, on the refinancing and upsizing of its banking facilities with a new £25m revolving credit facility provided by HSBC UK Bank plc. The new facility also contains an accordion option for an additional £15m.
This facility will enable SDI Group to continue executing its successful buy-and-build strategy over the medium term.
The transaction was led by Tom Berisford (Partner, Banking and Finance), supported by Kathryn Palmer (Senior Associate, Banking and Finance), Nathan Yacoub (Solicitor, Banking and Finance) and Tom Holmes-Chatfield (Trainee Solicitor, Banking and Finance).
Rothschild & Co acted as debt adviser to SDI Group plc while Mills & Reeve acted as legal adviser to HSBC.
Birketts is pleased to have advised SDI Group plc on a number of transactions in 2025, including its acquisition of Severn Thermal Solutions Ltd and Collins Walker Ltd.
Tom Berisford, Partner in Birketts’ banking and finance team, said: “We are delighted to have supported SDI Group plc once again on this important transaction. We really enjoyed working closely with the SDI, Rothschild & Co, HSBC and the Mills & Reeve teams to ensure a smooth and efficient process, and we look forward to continuing our strong relationship as SDI pursue their growth strategy.”
Amitabh Sharma, Chief Financial Officer at SDI Group plc, added: “We’re grateful to the team at Birketts for supporting the renewal and expansion of our committed loan facility with HSBC to November 2028, enabling SDI to continue executing its organic and inorganic growth strategy.”
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