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DEALS

SPOTLIGHT Completing deals, with confidence

Recent Deals from Leumi ABL

STANDARD WOOL UK PARITY GROUP PLC
BRADFORD, WEST YORKSHIRE LONDON

Leumi ABL has completed a refinancing deal with Standard Leumi ABL has provided a £9m structured ABL facility to AIM
Wool UK, the UK’s leading wool business. Standard Wool listed recruitment and professional services business, Parity
is a global group of companies committed to sourcing, Group plc. The refinancing incorporates a revolving facility
processing, and supplying superior quality wool and its by- against accrued income, to support sector specific working
products. Leumi ABL has provided a £15.5m structured ABL capital requirements. Projected growth in revenue over the
facility comprising invoice finance, term loan, inventory and next couple of years is being driven by an increasing client
plant & machinery facilities. This will support Standard Wool’s requirement for data and digital transformation.
growth plans and provide ongoing working capital.
Mike Johns, Chief Financial Officer, Parity Group:
Paul Hughes (Jnr), MD, Standard Wool UK: “Leumi ABL took “We are delighted to have secured this funding package from
the time to work closely with our team and really understand Leumi ABL to support our working capital cycle and growth
the business, the opportunities opening up to us but also the plans. Leumi ABL understand the nuances of the recruitment
challenges this growth will bring. The flexible structure of the sector and have structured a facility to meet our requirements.
deal will support our growth strategy and we look forward to The facility was delivered in line with our reporting timescales
the new partnership with Leumi ABL.” and we look forward to developing the relationship with
Leumi ABL.”

TIMBER CONNECTION SDI DISPLAYS
WARE, HERTFORDSHIRE LEICESTERSHIRE
Leumi ABL, in conjunction with Bank Leumi (UK) plc, has Leumi ABL has completed a financing deal with SDI Displays
provided a £multi-million structured ABL facility to Timber to support the next stage of its development. Supplying retail
Connection, one of the UK’s leading importers and suppliers display solutions, hygiene stations, point of sale and visual
of hardwoods and clear grade softwoods. merchandising solutions, SDI Displays has undergone a
secondary management buyout led by Ian Wright, Managing
David Green, Finance Director, Timber Connection: “The
working capital facility from Leumi ABL is ideal to support Director, and Stuart Tilley, Commercial Director.
our growth plans. Our customers are requiring increasing Ian Wright, MD, SDI Displays: “Working with Leumi ABL on
levels of stock to facilitate building projects and we have this deal has been very straightforward and their proactive
the infrastructure, capability and funding to meet their approach to helping us deliver the full management buyout
needs. Leumi are a relationship-driven funding partner who has been great. I look forward to working with them for many
understand our business and have structured a facility to meet more years to come.”
our requirements. We have already developed an excellent
working relationship with both Leumi ABL and Bank Leumi and
look forward to their continued support.”