Springboard Source Refinancing Package for Long-Term Client JB Kind
July, 2019 - England
| Springboard is delighted to announce that it has advised on the refinancing of JB Kind, a timber door distribution company based in Derbyshire. Springboard first worked with JB Kind in early 2015 when partner David Neate advised on the management buy out of the business. JB Kind has established itself as a market leader in the supply of high quality doors over the last 35 years, founded on a reputation for innovation. The company now has over 50 employees and a growing product portfolio of more than 200 door designs. Springboard introduced JB Kind to Shawbrook Bank who provided a bespoke debt facility to fund growth and meet their strategic objectives. JB Kind was advised on the transaction by Springboard Partner Deepak Parekh. Deepak commented "We are delighted to have supported the shareholders of JB Kind with the refinance by securing a comprehensive debt funding package which will enable the business to deliver its strategic plan and unlock numerous growth opportunities." THE CLIENT ON SPRINGBOARD "The Springboard team kept in touch with the business on a regular basis following the MBO in early 2015. Their ongoing knowledge of the business, combined with their financial expertise, helped enormously in providing funding advice at the appropriate time. The business now has significant additional funding in place to support future strategic investments." James Cadman, Managing Director - JB Kind Ltd ABOUT SPRINGBOARD We are a market leading corporate advisory firm focused on providing strategic, commercial and financial advice and support to a range of clients. We focus exclusively on the following services: • Acquisitions - supporting corporates and management teams – identifying targets and executing deals • Disposals - Full or partial business sales and exits • Raising finance - working capital or development capital – typically debt or private equity/venture capital • Management / Retained advisory - strategic, commercial and financial support |
