We have advised Alchemy Special Opportunities (‘Alchemy’) on a multi asset-based refinancing of Anglian Home Improvements Group Limited (‘Anglian’), one of the UK’s leading fully integrated suppliers and installers of windows, doors and other home improvement products.
This investment supports the growth ambitions of the business, allowing it to address current demand and future market opportunities.
Following a competitive process, which was managed by our Debt Advisory team, Arbuthnot Commercial ABL provided a highly attractive financing structure incorporating term loans and a revolving facility, covering receivables and inventory.
Tom Cox, Partner in our Debt Advisory team in London, said: “Anglian is one of the leading names in the UK home improvement market and we were delighted to work with Alchemy and the company in securing competitive working capital facilities. This will enable the business to deliver on the continued demand from domestic consumers and local authorities for the highest quality products. Arbuthnot Commercial ABL got onboard quickly with the transaction and delivered the package we were looking for.”
Peter Mottershead, Executive Chairman at Anglian Home Improvements, added: “We are pleased to have secured this new investment in Anglian which positions the business well for future growth. The new facilities will provide additional funding capacity to help deliver the group’s excellent forward order pipeline, leveraging its well invested manufacturing capabilities in Norwich which supply market leading products to customers nationwide.”
Macfarlanes LLP acted as legal counsel to Alchemy and Anglian.
Irwin Mitchell LLP acted for Arbuthnot Commercial ABL.
Asset appraisals were prepared by European Valuations.