Interest of Alternative Funders in Quality Assets
In the wake of the financial crisis, a huge market has developed for alternative finance. In recent years, a significant number of debt funds and other non-bank lenders have raised funding to target the gap left by banks.
Non-bank lenders have continued to raise ever larger investment funds and there is now a strong level of liquidity available to mid-market corporates which are also increasingly aware of the range of funding options available to them.
“This high level of liquidity has meant 2015 has also been a year with a number of shareholder transactions funded via “debt-only” structures – a trend that we expect to continue going forward, as lenders look for innovative ways to deploy their capital.”
Clearwater International has advised the management team at leading print supplier York Mailing Group (YMG) on its MBO which has financial backing from Pricoa Capital Group.
YMG is the UK market leader in the specialist production of retail flyers, media inserts and quality catalogues. In the past two years, the business has seen revenues grow from €94m to more than €136m through acquisitive and organic growth as well as significant investment in new machinery. This has also resulted in 275 new jobs and more than a 50% increase in earnings to €16m EBITDA.
Nexxpro is a young company, founded in 2001, that focuses on the development and manufacture of plastic and fiber helmets coated with different materials.
Clearwater International advised the shareholders of Nexxpro on the sale of a minority stake of the company to BESI.