Augean completes £15m refinancing

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WETHERBY-based waste management group Augean has today completed a £15m refinancing, backed by HSBC’s Yorkshire corporate team in Leeds.

The extra funding will enable Augean to drive organic growth by expanding its range of services targeted at the oil and gas industry, as well as the nuclear waste market.

The deal was led on behalf of HSBC by senior corporate banking manager, Wayne Shadlock. AIM-listed Augean was founded in 2004 and specialises in hazardous waste management. It operates sites across the UK and owns 50 per cent of the UK’s hazardous waste landfill capacity. The company has made a number of acquisitions and invested in technology in recent years.

Martin Lunt, HSBC’s Yorkshire head of corporate banking, said: “Augean has a high calibre management team, who have continued to develop the company’s strong position in its key markets.”