Press release

Ennogen Healthcare secures a £150m financing facility with Santander, Barclays, and HSBC to support growth and innovation

  • Ennogen Healthcare, a growing pharmaceuticals manufacturer and distributor with operations in Europe, the UK, and the Middle East has secured a £150 million syndicated loan facility to support its international expansion and innovation strategy.
  • The facility, agreed with Santander UK, Barclays, and HSBC UK comprises of a £50m term loan facility and a £100m revolving credit facility.
  • The three year agreement includes an option to extend for an additional year.

The banking syndicate will support Ennogen’s high growth international strategy with flexible financing designed to underpin expansion and ongoing investment in innovation.

Established in 2011, Ennogen is a pharmaceutical and healthcare company focused on reinvigorating heritage brands to meet underserved clinical need. The company operates across five key therapeutic areas: dermatology, respiratory, otology, blood pressure and pain relief – predominantly supporting patients with chronic conditions.

The new facility provided will enable Ennogen to continue to invest in acquisitions of pharmaceutical products in complementary therapeutic areas, expanding internationally, and further developing its innovation pipeline.

These investments aim to bring its strong heritage product portfolio, to new markets and broaden the medicinal applications of existing molecules with new licenses.

Headquartered in Dubai and offices in Dartford, Northwich, and Dublin, Ennogen has grown both organically and through acquisitions building an extensive portfolio of products and now employing more than 70 members of staff.

  • Santander UK will continue to support with Ennogen’s primary banking operations in the UK and Europe.
  • Barclays will act as facility and security agent whilst also continuing to support local banking operations in Dubai and Ireland.
  • HSBC brings additional expertise, particularly in managing larger foreign exchange transactions.

Jason Tate, Chief Financial Officer at Ennogen said:

“We are pleased to have secured the support of a strong banking syndicate comprising Santander, Barclays, and HSBC. The £150m facility provides a flexible platform to support Ennogen’s growth strategy. This agreement strengthens our capacity to pursue acquisitions and invest further in our innovation pipeline as we continue to execute on our ambitious plans. Working with the syndicate’s teams in Manchester and Liverpool, it is clear they each have a strong understanding of Ennogen’s particular requirements within the pharmaceutical and healthcare industry.”

Sarah Laverty, Structured Finance and Richard Hennity, Senior Relationship Director for Santander said:

“We are delighted to continue to support Ennogen’s growth trajectory with a further round of funding. Ennogen has firmly established itself as a key player in UK Pharma ensuring core heritage products remain available and accessible. The business has continued to evidence strong and sustainable growth, both organically and via acquisition, with three such transactions completed under our bilateral facility put in place in 2024.  Ennogen is exactly the type of business Santander looks to support, with a strong management team, niche product suite and a clearly articulated strategy. We look forward to this next phase of growth, now supported by the £150m lending facility, as well as management’s plans for 2026 and beyond.”

Melissa Pendlebury, Relationship Director at Barclays Corporate Banking, said:

“We are delighted to support Ennogen with a facility package that supports their next phase of growth. The business has gone from strength to strength and this upsized facility will provide headroom and flexibility to allow Ennogen to invest in their innovation pipeline and acquisition strategy. We are committed to helping businesses invest for growth and are pleased to see our £22bn Business Prosperity Fund in action through this package of lending.”

Rob Spowart, Relationship Director at HSBC UK said:

“It’s fantastic to support Ennogen Healthcare as part of this new syndicated financing facility. Ennogen’s long-term commitment to international expansion, combined with its focus on delivering innovation in new markets aligns with HSBC UK’s strategy of supporting ambitious businesses. We look forward to seeing Ennogen achieve its global growth potential.”

Richard Capper, Head of Banking at Hill Dickinson LLP said:

“We’re thrilled to have supported Ennogen on this milestone transaction. It’s been a remarkable journey watching their impressive growth over the past 5 years and we’re grateful to have played a part in it. Huge congratulations to John, Jason and the entire Ennogen team, we’re looking forward to seeing what the next 5 years will bring”.

The syndicate wish to thank Sarah Jay and James Garner at Addleshaw Goddard for their legal guidance.