Client: Eldapoint Group
Services provided: Vendor-initiated Due Diligence (Refinancing), Acquisition Due Diligence
In October, Eldapoint Group secured £30m long-term funding by Pricoa Private Capital. Operating from seven strategic sites across the UK, the Group offers innovative space solutions to customers in the logistics and manufacturing sectors and is backed by dealmaker Amin Amiri's a2e Industries. In addition to replacing the existing debt and ID facilities, the refinancing has funded the acquisition of JS Burgess limited, a Derbyshire based manufacturer of stillages and containers.
Dan Gallagher of Cortus Advisory Group said, “It was fantastic to support the Eldapoint Management team through this transformative transaction which will allow the Group to continue its acquisition strategy, extend its customer base and diversify its product range across complementary sectors”