Page 5 - LeumiABL-6pp-Summer-Newsletter-spreads
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CASE STUDY:                          CASE STUDY:                          CASE STUDY:
               RETAIL DISPLAY                IMPORTER AND SUPPLIER                     MARKET LEADING
           SOLUTIONS BUSINESS                  OF TIMBER PRODUCTS                     STONE MERCHANTS


           required flexible funding             required flexible funding         required flexible funding package

                   for growth                 to support growth ambitions         to support plans through 2021
              Leumi ABL provided                  Leumi ABL provided                       and beyond
         £multi-million structured ABL          £multi-million structured              Leumi ABL provided
        facililty + Property Term funding              ABL facility                    £8.5m structured ABL
                                                                                          + CBILS facility




       RECOVERY LOAN SCHEME (RLS)                                        ARE WE CONNECTED?


       Leumi ABL has been formally accredited by the British
                                                                         Do you follow us on LinkedIn?
       Business Bank (BBB) for the Recovery Loan Scheme (RLS).           linkedin.com/company/leumi-abl

       This scheme supports access to finance for UK businesses
 CASE STUDY:   as they recover and grow following the Covid-19 pandemic,
 EVO GROUP   with Leumi ABL accredited to provide both term loan and

       invoice finance RLS facilities. RLS aims to help businesses
 Leumi ABL has supported the EVO Group of Companies, a specialist multi-channel distributor of business   affected by Covid-19 and can be used for business


 supplies and services, with a £multi-million refinancing ABL facility.  purposes, including managing cashflow, investment and
       growth. It is designed to support businesses that can
 The EVO Group of Companies connects manufacturers and brands to their business customers through its   afford to take out additional finance for these purposes.

 integrated multi-channel, sales, e-commerce, operational and transport platform.  They provide sourcing,   Businesses who have taken out a CBILS, CLBILS or BBLS

 delivery, storage and fulfilment services to over 2,000 resellers, corporate organisations and direct   facility are able to access the new scheme. Further details
 customers through four group companies.  can be found here:
       www.leumiabl.co.uk/recovery-loan-scheme-rls/
 After a competitive process including offers from its existing lenders, EVO Group has agreed new
 syndicated facilities with Leumi ABL and BREAL Zeta for the next three years to replace its existing facilities
 that were due to expire in April 2021.  The funding provided by Leumi ABL forms part of a new £90m
 financing facility to support EVO Group’s future plans.

 Andrew Gale, Group Finance Director, EVO Business Supplies Limited said:

 “The requirement to transact quickly is critical to EVO as we continually look to maximise strategic
 opportunities to drive scale. The relationship between Leumi ABL and BREAL Zeta was seamless as they   YOUR LEUMI ABL SALES CONTACTS:
 combined perfectly to structure the optimal funding mix and provide the momentum to make the deal
 happen. They know what they are doing and delivered exactly what they said they would do with speed,   AUSTIN THORP  MARTIN RISMAN  JOHN WALSH
                  Regional Sales Director              Regional Sales Director              Regional Sales Director
 clarity and purpose. The substantial facility has succeeded in creating the platform and capacity for EVO to   - North West  - London  - Yorkshire & North East

 pursue significant opportunities for further organic growth and future acquisitions.”
                  E: athorp@leumiabl.co.uk             E: mrisman@leumiabl.co.uk            E: jwalsh@leumiabl.co.uk
                                                                                            M: 07824 486 818
 John Walsh, Leumi ABL Regional Director, commented:   M: 07769 361875  M: 07717 783 497

 “Leumi ABL working alongside the BREAL Zeta team is a great example of two flexible ABL funders working
                  JONATHAN HUGHES                      JASON HOLLAND                        RYAN WHITWORTH
 in tandem to deliver the correct ABL funding facility structure for the EVO management team and PE
                  Regional Sales Director              Regional Sales Director              Regional Sales Director
 Sponsor, Endless LLP. This ‘Club’ deal completed despite being in the middle of the Covid-19 pandemic   - Thames Valley & South  - Midlands   – London
 and has put the EVO Group in a strong position going into 2021 with the opportunity to further develop   E: jhughes@leumiabl.co.uk   E: jholland@leumiabl.co.uk   E: rwhitworth@leumiabl.co.uk
 and grow market share.  We look forward to working with all parties as they move forwards with their growth   M: 07584 630 762  M: 07824 486 820  M: 07824 486 819
 plans in the years ahead.”
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