Majority sale of shares for Orbital Fabrications
PEM Corporate Finance were appointed by Orbital Fabrications to provide M&A advice on the sale of 80% of its shares.
We acted as lead advisers to the buy-in team, supporting debt fund raising and deal structuring when problems were encountered.
PEM Corporate Finance acted as advisers 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.
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.
This deal highlights how PEM Corporate Finance 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.
Debt and cash flow lending were provided by Lloyds Bank alongside equity finance from the buy-in team.