Asset Based Lending -
Arbuthnot Commercial ABL completes £1m financing structure for Baldwin & Francis to meet growing demand for mining and rail manufacturing
Arbuthnot Commercial Asset Based Lending (“ABL”) has completed a £1m financing structure for Baldwin & Francis Ltd (“B&F”), a portfolio company of Longacre Group (formerly SEA Equity).
Baldwin & Francis made the switch to Arbuthnot Commercial ABL for this private equity sponsored transaction. This is the fourth of the Group’s investments which Arbuthnot Commercial ABL has supported, including Baldwin & Francis’ sister companies, Pyroban and Pyropress.
The seven-figure transaction was delivered in a short time frame to support the longstanding, highly specialised UK manufacturing business as it continues to build a strong, global order book of mining and rail electrical projects.
Established in Sheffield in 1919, Baldwin & Francis has been powering hazardous environments for over a century. Today the business is known throughout the world as a quality designer and manufacturer of explosion proof and rugged electrical power supply equipment to the Mining, Oil & Gas, Industrial & Rail industries. Each of these sectors is supported by a dedicated team and a range of solutions, which are configured exactingly to meet each client’s individual requirements.
Elliott Nicholson, Managing Director at Longacre Group said:
“The team at Arbuthnot Commercial ABL moved very quickly and completed the transaction in just five weeks from start to finish. They rapidly gained an excellent understanding both of the sectors involved and the international dimensions of the business, together with the issues and opportunities it faces. As a result of the working capital facility structured by Arbuthnot, Baldwin & Francis is perfectly placed to maximise opportunities during the next phase of its growth.
Our partnership with Arbuthnot goes from strength to strength with every transaction as they leverage their market experience on each new deal. We appreciate the fact that they are very quick, transparent and always have a clear focus on deliverability. Access to key decision-makers and short lines of communication mean that we always know precisely where we are with a deal at all times. This approach consistently leads to a positive outcome for all parties involved.”
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Registered in England and Wales no. 10915339. Arbuthnot Commercial Asset Based Lending Limited’s registered office is Arbuthnot House, 7 Wilson Street, London, EC2M 2SN. Arbuthnot Commercial Asset Based Lending is not authorised and regulated by the Financial Conduct Authority.