Page 3 - Leumi-ABL-Deals-Review-2017
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SUPPORTING PRIVATE EQUITY
We continue to build and reinforce our relationships with the Private Equity community,
and are pleased to see a greater proportion of PE sponsored deals. This has created some
good opportunities for our experienced team and we are building a strong reputation amongst
the PE community as an ABL provider that takes the time to listen to clients, works hard
at building relationships and delivers what we promise.
SPS & SSS
£14.5m, comprising £9m CID facility
+ £4.5m inventory facility + £1m term loan
In May, Leumi ABL supported the MBO of two businesses, Steel Plate
& Sections Limited and Stemcor Special Steels Limited from their
holding company group. The management team was supported with
investment from Breal Capital affiliates and secondary funding
from Breal Zeta Limited.
Brent Osborne (Breal Group): “Leumi ABL’s proposal was attractive
as it provided funding against all the business assets. Leumi worked
with us to make sure completion was achieved in the required and
challenging timeline, whilst really understanding the business.”
KINDERTONS GROUP
£18m structured invoice discounting facility
Leumi ABL supported the refinancing of Private Equity owned
insurance services business, Kindertons Group. The refinancing
provides flexible funding to support Kindertons’ growth plans, both
organically and through a targeted buy and build strategy. Sovereign
Capital, the UK Buy & Build Specialist, invested in Kindertons
in 2013 and since then, the Group’s revenues have grown significantly.
Rob King (Sovereign Capital): “We approached Leumi due to their
pragmatic style and ability to structure business-appropriate financing
packages. Leumi has delivered a funding solution which provides
significant flexibility to support the business’s substantial growth.”
GO INTERIORS HIDER FOOD IMPORTS
Leumi ABL supports growth of £65m turnover Leumi ABL completes multi-facility ABL package with
building products Group. UK distributor of nuts and dried fruits.
Funding provided to support the acquisition Facility comprised £5.75m invoice discounting,
of Birmingham based FGF, by Go Interiors, plant and machinery finance and a stock finance
the largest independent specialist distributor facility to support growth plans for this family-owned
in the construction interior sector. business operating since 1965.