Page 4 - Leumi-ABL-Deals-Review-2016

CASE STUDY: LAIDLAW

12 day turnaround Asset Based Lending facilities, including debtors and a term loan,
were provided to £20m turnover Laidlaw Limited, an Architectural Ironmongery
and Balustrades business. Leumi ABL supported the trade and asset purchase
of the business by Intrinsic Equity Ltd, the investment arm of Orbis Partners LLP.
Laidlaw had been a profitable part of the Laidlaw Interiors Group which entered
administration in December 2015. The new business will continue to provide technical
ironmongery solutions to its varied range of clients in both the private and public sector.
Laidlaw, a business established for over 130 years, has grown into one of the leading
UK distributors and will build on its reputation for its specification expertise, scale
and extensive product range.

Leumi ABL worked in conjunction with Intrinsic and the management team to complete
the deal in short timescales. Andy Gratton, Finance Director at Laidlaw commented:
“We chose to work with Leumi due to their strong reputation in the market place.
We worked closely with Intrinsic Equity Ltd and Leumi over the Christmas period to deliver
the deal, securing the jobs of 140 individuals. Throughout the deal process the Leumi ABL
team worked hard to ensure that everything was in place for the planned completion date.
The support received from Leumi both pre and post deal has been invaluable.”

Toby Arrowsmith of Intrinsic commented: “Leumi showed tremendous determination to ensure that all
facilities would be in place for draw down at completion – including holding credit committee discussions
on Christmas Day! The festive period obviously caused a number of logistical issues to the take on
process that meant commercial and pragmatic solutions had to be found. Leumi delivered.”

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YOUR LEUMI ABL SALES CONTACTS: Pacific House, 126 Dyke Road,

Brighton, East Sussex BN1 3TE
BOB RICHARDS ROB WAKEFORD T: 01273 716 200
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- North West - London

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Regional Sales Director Regional Sales Director
- Thames Valley & South - Midlands LEUMI ABL REGIONAL OFFICES:
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m: 07584 630 762 m: 07824 486 820 20 Stratford Place,
London W1C 1BG
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Birmingham B1 1BD
Regional Sales Director Regional Sales Director
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mrisman@leumiabl.co.uk jwalsh@leumiabl.co.uk Leeds LS1 4AP
m: 07717 783 497 m: 07824 486 818
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ABL MULTI FINANCIAL AWARD WINNERS 2016

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