The Client.
A Yorkshire-based intralogistics firm with nearly 20 years trading history.
The client provides a full range of holistic services, including initial facility design,
implementation, automation, eCommerce and handling equipment.
The Requirement.
The client became aware of an opportunity for a Management Buy In (MBI) with one of
his partner companies. If successful, this would see his business expand rapidly.
Whilst our client's existing business focused on providing services for commercial
clients, a nearby partner company - which specialises in consumer services - had been
put up for sale.
As this was an opportunistic prospective purchase, rather than a planned one, the
client had little in the way of capital to put into the deal himself - he therefore
required 100% funding.
The Solution.
The expert team at TML Finance had sourced funding for this client before, so knew
the complexities of the client's business.
Despite the challenges of funding 100% of the purchase costs, we were able to source
the required £1.3m of funding by working with our specialised lending panel on a
number of options.
