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.
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.
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.
Kent / Nationwide
Construction / Manufacturing