Refinance for Milbank Group
Deal
Essex investment group secures £12.6 million refinance
Essex-based private investment group, Milbank Ventures, is to fuel its future growth plans with the support of a new funding deal facilitated by our Corporate Finance team.
Colchester-headquartered Milbank, which comprises a portfolio of 8 businesses operating across a diverse range of markets, has secured a new £12.6 million facility from asset-based lending specialist Arbuthnot Commercial ABL. The deal, led by Partner Chris Adlam, will drive further growth for the group as it continues to pursue both organic and acquisitive opportunities.
During 2021, the £50 million turnover group made three acquisitions, including agricultural film manufacturer Silostop, digital marketing agency Xanthos and Nicola Jane – the UK’s leading mastectomy and post-surgery wear specialists.
Building on an existing relationship and recognising the Debt Advisory team’s knowledge of the current lending market, Milbank approached FRP to help find the most suitable long term funding partner for the Group.
Birketts and Mills & Reeve acted as legal advisers.
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