We were delighted to have advised EnSilica UK on a £3.7m debt raise funded by Caple.
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.
With our support, EnSilica secured an eight-year fixed rate loan facility, 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.