£25m T/O Business services group
Thu, 17 Jan 2008
Offers arranged to refinance the group's working capital by way of invoice discounting advances against its debtor, stock loans against its inventory and trade finance to fund overseas contract sales in order to help support proposed acquistions.
A long established family owned business service group found itself under pressure from its bankers when it needed to make some strategic acquistions as part of a turnaround strategy.
We have arranged a number of offers of asset based finance to replace the bank's failities in order to enable a proposed VC investment and/or a series of property transactions to go ahead to fund the planned acquistions.
