TLG Brands has agreed a new multi million pound funding line from PNC Business Credit, the UK asset-based lending specialist.
TLG Brands, which owns the Fiorelli, Modalu and Nica accessories brands, employs 150 staff and is headquartered in London. TLG is backed by private equity firm Synova Capital and has grown rapidly since Synova’s investment, doubling in turnover and growing its international sales four fold.
The additional working capital and asset-based lending facilities from PNC were structured by Clearwater International’s debt advisory team and will enable the business to take advantage of the strong demand for its brands both in the UK and internationally. The Clearwater International team comprised of partner Chris Smith and director Karen Edwards.