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CERTAINTY, CONFIDENCE, INCREASING DEALS
CHALLENGE AND CHANGE… WITH PRIVATE EQUITY
As we begin 2019, there’s never been a time We continue to work closely with the Private Equity
when businesses have been so hungry for community, and are pleased to have supported
answers to so many complex and practical an increasing range of PE sponsored deals.
questions. Bank of England governor, Mark We are proud of our growing reputation amongst
Carney, said business is close to the point of the PE community as an ABL provider that can deliver
on innovative solutions efficiently and effectively, having
“maximum uncertainty.”
provided funding for growth with a real client focus
Continuing uncertainty over Brexit, slowing global to aspirational businesses.
growth, confusion for exporters and an unstable Biosite Systems -
political environment all contribute to fears of
subdued growth and an increasing impatience £multi-million invoice discounting facility
for answers. Leumi ABL supported Biosite
Systems, a supplier of biometric
Whilst the British Chambers of Commerce warns workforce management and
that by 2020 the economy will have experienced site security solutions into the
its second weakest decade, Philip Hammond said construction sector. Backed by
the era of austerity was “finally coming to an end” Mobeus Equity Partners, Biosite
in his Budget at the end of October, after upgraded provides technologically advanced
forecasts for government borrowing and growth fingerprint recognition devices
enabled the chancellor to increase public spending. and operationally enhancing
control management systems.
Clarity on Brexit, and precisely how the UK’s future With a client base including many
relationship with the EU will unfold are undoubtedly Construction Corporates, Biosite
shaping expectations for both business investment is at the forefront of contractor
and export growth. It is therefore encouraging management and project
to see much evidence of business confidence, efficiency in the sector.
optimism and new investment across the Leumi ABL
regions. Our client portfolio is growing and we are Amit Hindocha (Investment Director, Mobeus Equity
pleased to see healthy levels of referrals for new Partners): “We approached Leumi due to their ability
deals across a diverse range of sectors. to structure business-appropriate financing packages.
Leumi has delivered a funding solution which will
The deal making community is staying busy and provide essential flexibility and support for Biosite’s
Leumi ABL will continue to stick to what we do, growth ambitions.”
working closely with our professional introducers
and increasingly with the PE community across the UK, DDD Ltd - £10m ABL facility
providing confidence and certainty, whilst focusing Leumi has provided ABL facilities of over £10m to DDD
on the quality of our client relationships at all stages Ltd, a manufacturer and distributor of health and beauty
of the deal process. brands globally via its Dendron and Fleet subsidiaries.
Thank you for your continuing support and referrals. The business has combined debtors, property and plant
As always, we are delighted when this also results assets to provide funds for investment and growth
in a number of ABL awards for our team, including at a time when the business is expanding internationally
ACQ Global, Finance Monthly Global and Thames in both existing and new markets.
Valley Dealmakers 2018. Charlie Wadsworth
(Group CFO, DDD):
We look forward to working with you throughout 2019 “Leumi have been great
and bringing confidence and stability to our growing to work with in arriving at
client portfolio. the right facility to enable
significant investment into
Phil Woodward, the business over the next
MD, Leumi ABL several years. This is an
important phase of growth
To find out more contact for the DDD Group and
Phil Woodward on we are really happy to be
01273 716 202 or working with Leumi who
pwoodward@leumiabl.co.uk are a helpful, flexible and
collaborative partner.”
