A recipe for success
Amount
£11.25m
| Client: | Food manufacturer |
|---|---|
| Service: | CID, property, stock, term loan |
| Outcome: | Acquisition (MBO) |
The Challenge
The management team wished to complete the MBO of a well-established food manufacturing business. To support the deal, they needed a funding solution that offered headroom and could be delivered at speed to ensure a smooth transition from day one.
The Solution
Praetura Commercial Finance’s asset-based lending suite of products lends itself well to supporting transactions of this nature, where multiple asset classes are evident. We worked closely with the advisors and management team to deliver a facility that provided sufficient headroom from the outset, enabling the business to operate with confidence from day one.
The Transformation
The complexity of the facility, driven by its multi-asset structure required a high level of expertise. The senior management team at Praetura Commercial Finance was involved from the beginning, offering strategic oversight and assurance throughout the process.
Thanks to our agile approach and real understanding of the client’s needs, we delivered a flexible, timely solution that not only met immediate requirements but also positioned the business for success in the long-term.
Jeff Greenfield, Sales Director (South) commented: “We understood the business’ needs from the outset and acted quickly to deliver a flexible deal structure. A big thank you to Chris for the introduction.”
Chris Edwards, Managing Director, Teneo added: “Praetura demonstrated great flexibility throughout this transaction, providing innovative solutions as circumstances changed. A big thank-you to Jeff and the whole team.”
Squire Patton Boggs provided legal advice for Praetura, while Buckles advised the client.
