Manufacturing Business Grows Through Acquisition with Asset Finance Funding Arranged
We were introduced to a small West Yorkshire based manufacturing business that had the potential to substantially increase turnover through an asset acquisition of a trading division of a PLC.
This also involved our client taking on responsibility for the staff of the trading division and almost exclusively manufacturing the product for the PLC under an agreement.
The business required funding to purchase the assets, which we duly arranged with a major asset finance player in the market. In addition to this, we provided advice on the transaction, including meeting with the vendor, and facilitated financial and legal due diligence with professional contacts.