Development capital deal

In July we completed a multi million pound development capital transaction for Alexanders Prestige, a client based in Boroughbridge, North Yorkshire. This £50m turnover group sells prestige cars in addition to new and used horseboxes (under its own brand and as exclusive UK distributor for the Hungarian company Lehel).

Funding was provided by Yorkshire Bank (unsecured cashflow loan) and Lombard (car stocking finance).

Mark worked with the management team of Alex Brimelow and Andrew North to define their strategy and develop a business plan. He then led the finance raising process with funders, negotiating the deal for the team and advising them through to legal completion (legal advice provided by Muckle LLP). The process took in the region of seven months to complete.  

Mark has now been retained by the team to sit on the board and advise from an investor relations perspective.

If you would like to discuss the above in more detail, particularly if you have clients interested in taking cash out of their business or maybe funding a management buy out, please call Mark at any time on 07730437617 or email via the form below.