MBI at Sperling Retail

Logo of Sperling Retail

PEMCF acted as advisors to the buy-in team, initially providing due diligence services but expanding into a full lead advisory role to support bank fund raising and deal structuring when problems were encountered.

Company background

Sperling Retail Development Limited is a long established manufacturer of shop-fitting fixtures to well known UK High Street names. The business operates a 45,000sq ft factory in Haverhill; customers include Wallis, Debenhams, M&S, Oasis, Burberry, Etam, Hamleys and JD Sports.

What was special

This deal highlights how PEMCF are able to do what is needed to ensure a deal happens.  Whilst initially a due diligence assignment, our role was expanded when it became clear that there were fund raising issues.  We helped the buy-in team raise the deal funding and restructure the deal.

Deal structure

Debt and cash flow lending were provided by Lloyds TSB Corporate alongside equity finance from the buy-in team.

 

Read the press release

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