The Capital Stack Puzzle: Optimising Your Next Round with Blended Finance

For high-growth, founder-led businesses, a financing round isn’t just how much you raise – it’s how you structure it. Here is a guide on optimising your next round with blended finance and how using mezzanine debt, preference shares, and project finance alongside traditional equity and senior debt can help you bridge gaps, reduce dilution, and fund growth on your terms.

M&A Activity in the UK Data Analytics Sector – Value Drivers

The UK’s data analytics market is best characterised as a high-growth, infrastructure-enabled sector. It’s a market that combines strong enterprise demand, active public-sector programmes, as well as infrastructure investment explicitly focused around AI and tech-heavy analytics.

Merry Christmas and Happy New Year 2026!

As 2025 is drawing to a close, it is time for us to reflect on the memorable year this has been for HMT. Despite the many political and economic challenges facing the market in 2025, it has been a great year for our team.

HMT appoints Ricky Lane as Partner

HMT is delighted to announce that Ricky Lane has been appointed a Partner with immediate effect. Ricky is a corporate finance specialist with over 15 years’ experience and has been working in our lead advisory team since joining HMT in July 2017.

Debt considerations for search fund transactions

Further to our recent article on the role of search funds as an alternative buyer group and the completion of the sale of the PCB fabrication and assembly business Garner Osborne, today we focus on this buyer class from a lending / debt funding perspective.