Local company supported by FRP through EOT transition
Case Study
FRP team provide lender due diligence to facilitate the transition of local packaging company to employee ownership
Published:
01 May 2025
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FRP Financial Advisory team supports local packaging company in EOT transaction
Background
Packet is a packaging company offering a range of bespoke products. With over 60 years’ experience, Packet is renowned for its client focused approach, regardless of the size of the company. Following the shareholders decision to undertake an EOT transaction, the company required new bank debt.
Action
FRP’s Financial Advisory team, led by Director, Joanne Price and Corporate Finance Partner, Chris Adlam, were engaged to provide lender financial due diligence ahead of the planned transition to employee ownership. Our team reviewed the company’s historic trading performance and cashflows, and undertook an independent valuation for the lender, providing further insight to the credit team and identifying any issues and key financial risks.
Outcome
Following our experts recommendation, the bank approved the additional funds, facilitating the transition to employee ownership and supporting the continued growth of the business.
Following our engagement, the bank approved the additional funds, securing the future of Packet under employee ownership.
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