Brief

Upon a referral from an existing Breadalbane introducer, we were engaged to support a client seeking to acquire an engineering business. As a relationship -focused broker, we prioritise traditional values, conducting face-to-face meetings to promptly understand our clients’ needs.

Challenge

Our initial assessmnet of the target business’s balance sheet revealed an opportunity to secure financing by leveraging its plant and machinery. However, the valuation of the assets fell short of the required amount.

Solution

Breadalbane devised a structured deal featuring an accelerated repayment profile for the first 12 months, facilitating the lender to advance sufficient funds for the deal to progress. Additionally, our analysis uncovered an encumbered debtor book, providing the buyers with working capital to support their business growth objectives.

Outcome

The proposed deal structure garnered approval, and the entire process, from approval to documentation and payout, was efficiently completed within a span of 2 weeks. The client was delightedwith the proposed structure provided by Breadalbane.