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Industry: Manufacturing and Distribution  

Product: Asset based lending (ABL)

Facility size: £5 million

Business need: Company acquisition

Elements of the deal: Invoice discounting, plant & machinery and stock

An investment firm, who specialise in purchasing UK manufacturing companies, required funding to acquire a new business. 

Due to a flexible approach and innovative track record of structuring deals, Close Brothers was engaged to provide the necessary level of funds to facilitate the acquisition. 

As a result, a £5,000,000 ABL arrangement was structured consisting of invoice discounting in addition to funding against plant & machinery and specialist stock. The business took advantage of Close Brothers swift decision making processes allowing short timeframes to be met and in turn, completion of the acquisition.

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Close Brothers Invoice Finance
Ridgeland House
165 Dyke Road, Hove
East Sussex, BN3 1UY

T: 0127 305 9530 *

*Freephone from landlines

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