Page 2 - Leumi-ABL-2pp-Deals-Spotlight

PIXIPIXEL RENTAL EVO GROUP
LONDON SHEFFIELD

Leumi ABL has completed a financing deal with camera Leumi ABL has supported the EVO Group of Companies,
and lighting hire business, Pixipixel Rental Limited, which is a specialist multi-channel distributor of business supplies
owned by Merino Private Equity. The ABL facility comprised and services, with a £multi-million refinancing ABL facility.
Confidential Invoice Discounting and a Revolving Plant & EVO Group agreed new syndicated facilities with Leumi ABL
Machinery facility to support the growth of the business. The and BREAL Zeta for the next three years to replace existing
revolving P&M facility affords Pixipixel a cost-effective solution facilities. The funding provided by Leumi ABL forms part of
to grow the hire base and invest in the team. a new £90m financing facility to support EVO Group’s future
plans.
Steve Knight, MD, Pixipixel: “These facilities will allow us to
increase the range of kit on offer to our customers, while Andrew Gale, Group Finance Director, EVO Business Supplies
continuing the same high service levels. It has been a Limited: “The relationship between Leumi ABL and BREAL
challenging twelve months for the sector, however we now Zeta was seamless as they combined perfectly to structure the
believe the business is well positioned for the future.” optimal funding mix and provide the momentum to make the
deal happen. They delivered exactly what they said they would
Jack Kinnersley, Investment Director, Merino Private Equity: do with speed, clarity and purpose. The substantial facility has
“It was great to work with the team at Leumi ABL to introduce succeeded in creating the platform and capacity for EVO to
their facilities. They quickly understood the needs of Pixipixel pursue significant opportunities for further organic growth and
and showed a highly flexible approach.” future acquisitions.”

YOUR LEUMI ABL SALES CONTACTS:

AUSTIN THORP MARTIN RISMAN
REGIONAL SALES DIRECTOR REGIONAL SALES DIRECTOR
- NORTH WEST - LONDON
E: athorp@leumiabl.co.uk E: mrisman@leumiabl.co.uk
M: 07769 361875 M: 07717 783 497

JONATHAN HUGHES JASON HOLLAND
REGIONAL SALES DIRECTOR REGIONAL SALES DIRECTOR
- THAMES VALLEY & SOUTH - MIDLANDS
E: jhughes@leumiabl.co.uk E: jholland@leumiabl.co.uk
M: 07584 630 762 M: 07824 486 820

JOHN WALSH RYAN WHITWORTH
REGIONAL SALES DIRECTOR REGIONAL SALES DIRECTOR
- YORKSHIRE & NORTH EAST – LONDON
E: rwhitworth@leumiabl.co.uk
E: jwalsh@leumiabl.co.uk
M: 07824 486 818 M: 07824 486 819

LEUMI ABL HEAD OFFICE:
Pacific House, 126 Dyke Road,
Brighton, East Sussex BN1 3TE
Asset Based Finance
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