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BREAL Zeta CF opens up acquisition and growth opportunities for Ascot Doors with all-asset deal

BREAL Zeta CF opens up acquisition and growth opportunities for Ascot Doors with all-asset deal

BREAL Zeta CF - 21 August 2017

Ascot Doors Limited has secured flexible acquisition and working capital funding from boutique asset based lending specialist, BREAL Zeta CF.

BREAL Zeta CF worked closely with the existing management team to structure an all-asset funding facility to not only support its acquisition but also deliver optimal levels of financial headroom for further growth. The directors of the parent company, who were seeking to implement a divestment strategy for non-core operations, introduced BREAL to Ascot Doors. The deal will support the successful steel door manufacturing company as it continues to focus on expansion and increasing market share.

Bolton-based Ascot Doors Limited is a leading manufacturer and installer of individually made-to-measure high performance retail, industrial and commercial steel doors and shutters. Ascot offers the widest range of products of any door company in the UK, operating from its own purpose built factory using the latest production equipment under BS ISO9001 quality assurance standards.

Mick Welden, of BREAL Zeta CF commented: “One of the beauties of working with BREAL Zeta CF is the ability to rapidly deploy funds and speed was a decisive factor in this transaction. The deal, which was completed in a 4 week window for an undisclosed sum, involved both funding the share purchase to enable the acquisition and working capital to smooth the peaks and troughs of seasonal trading and capitalise on market opportunities.”

He continued: “We really like manufacturing as a sector and Ascot Doors is a profitable, cash positive business run by a strong and highly experienced management team. This robust and flexible ABL facility, which grows in line with the company’s sales, will enable the firm to meet its ambitions with confidence.”