Page 4 - Leumi-ABL-Deals-Review-2018

LEUMI ABL SEE A CRACKING FLOW OF DEALS

Leumi ABL has provided a £7m Asset Based Lending funding line
to Framptons, the £43m turnover manufacturer of egg products
and processor of liquid products, comprising debtor finance,
plant finance and term loan.
The funds enable Framptons, which was bought by the
current team in an MBO in 2014, to invest in further new
product development for bakery and food service customers
and for specific capital expenditure projects – money that
was unavailable from their clearing bank.
Allan Staples, Finance Director at Framptons, said:
“We had discussions with other finance providers but Leumi ABL
were very proactive in helping us through the process.
They worked closely with us to understand our requirements
and were keen to find a solution that would work for our business.
They were also rigorous in making sure everything was in place
so that the deal could be finalised as smoothly and promptly
as possible.”
The re-finance was introduced by Translink Corporate Finance,
a leading independent M&A and corporate advisory firm with
a focus on UK and cross-border deals.

LEUMI ABL HEAD OFFICE:
YOUR LEUMI ABL SALES CONTACTS: Pacific House, 126 Dyke Road,
Brighton, East Sussex BN1 3TE
T: 01273 716 200
ROB WAKEFORD MARTIN RISMAN
F: 01273 716 210
Regional Sales Director Regional Sales Director
- London - London NORTHERN OPERATIONAL CENTRE:
15 Oxford Court,
rwakeford@leumiabl.co.uk mrisman@leumiabl.co.uk
m: 07584 314 360 m: 07717 783 497 Manchester M2 3WQ
T: 0161 300 8655
F: 01273 716 210
JONATHAN HUGHES JASON HOLLAND LEUMI ABL REGIONAL OFFICES:
Regional Sales Director Regional Sales Director London:
- Thames Valley & South - Midlands 20 Stratford Place,
London W1C 1BG
jhughes@leumiabl.co.uk jholland@leumiabl.co.uk
m: 07584 630 762 m: 07824 486 820 Midlands:
One Victoria Square,
Birmingham B1 1BD
JOHN WALSH Yorkshire:
2 Wellington Place,
Regional Sales Director
- Yorkshire & North East Leeds LS1 4AP
jwalsh@leumiabl.co.uk Thames Valley:
m: 07824 486 818 Davidson House, Forbury Square,
Reading RG1 3EU

Asset Based Finance
2017 Standards Framework

To find out more please visit: leumiabl.co.uk