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Saturday, August 24, 2019

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Arbuthnot Commercial ABL funds MBI of Bornmore Metals

Sam Monk | 15:25 Tuesday 21st May 2019

Arbuthnot Commercial ABL has funded the management buy-in (MBI) of non-ferrous metal stockholder Bornmore Metals.

The transaction for an undisclosed sum has seen Ian Griffiths, investor and incoming managing director at Bornmore Metals, acquire 100% of the shareholding of the business, which will provide a platform for him to bolster its regional presence and expand the product range.

“I was approached by the vendor’s agents and saw an excellent opportunity to acquire the business,” said Ian.

“Our advisers recommended Arbuthnot Commercial ABL to fund both the MBI and to provide additional working capital in order to maintain the company’s growth and accelerate the pace.

“We have ambitious plans to double our revenues in three to five years with [its] support and have an opportunity not only to lead, but also to dominate our market.”

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