Jablite

The Business

Jablite Holdings is a £36m turnover manufacturer of expanded polystyrene (EPS)products.

The two main trading companies are Jablite and Styropack. Jablite produces moulded EPS products for insulation and civil engineering within the construction sector and Styropack products are used for protection and insulation for a range of consumer and retail goods.

Mobeus Equity Partners backed an MBO of the business in 2015.

The Situation

A change of business strategy had led to significant growth opportunities for the Group and an increasing working capital requirement.

The incumbent bank was unwilling to significantly increase their lending which would have slowed down the growth of the business.

A total funding package of c.£13m was secured, being £5m above the previous lenders’ limit and which provided a solid platform for further growth.

Value Add

Providing advice on current market conditions and lending appetite of traditional and alternative lenders.

Running a competitive refinancing process and presenting the business to a range of lenders as well as negotiating significantly improved terms and funding offers.

Clear and objective recommendations to the Directors on the best funding solution and associated working capital requirements and covenant testing.

Location

Kent / Nationwide

Sector

Construction / Manufacturing

Situation

Refinancing

Jablite Logo Jablite Logo

Chris and the team at JDC offered invaluable advice and support throughout the process. What really impressed was their no-nonsense approach coupled with determination to move forward within a very short time-scale.  Their knowledge of the best people to partner with and fast modelling of the offers allowed us to make informed decisions. We were very impressed with the constant communication and feedback on progress.

Richard Lee Jablite Holdings Limited