HSBC’s Bristol-based leverage portfolio team has provided debt facilities to support the acquisition of South Wales electronic cash counter provider Tellermate Group.
The group, which products support physical cash management by retailers, banks and food service companies worldwide, was taken over by Brookside Equity Partners (BEP), a US private equity fund. 
Founded in 1979, Tellermate’s counters process cash for blue-chip customers worth more than £1bn every day in 25-plus currencies across 30 countries.
The company employs 80 staff globally, is headquartered in Newport with subsidiaries in France, Germany, Spain and the US.
The senior finance package to support the deal was provided by HSBC – a long-term banking partner of Tellermate – in a deal led by relationship director, leverage portfolio management, Stefan Gunn. He said: “Tellermate is a global market leader and benefits from strong sustainable market growth and a diverse, embedded and long-standing blue-chip customer base.
“HSBC’s international presence will assist to drive growth in existing and new markets and we are excited by Tellermate’s market leading product suite.”
Tellermate CEO Paul Rendell added: “BEP’s and HSBC’s strong financial backing will give us the flexibility to be creative and innovative in a competitive, dynamic marketplace.”
