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Injecting a substantial amount of venture debt into the fast growing business , Airbox Fulfilment
Airbox Fulfilment is a collective of four 30 year old ex school friends who had a crazy idea of launching a fashion distribution business without any experience of the distribution industry at all. This allowed Jeremy Tan and his team to reinvent the business in a way that totally matched the changing requirements of fashion brands. Traditionally distribution/ pick and pack businesses have been grim afterthoughts for freight forwarders to earn some additional margin from their clients.
Airbox is totally different, a company of the digital age. Its current premises in Hounslow are clean and attractive and the team young and motivated which is a reflection of the founders. The building is carbon neutral and the business positively encourages its fashion influencer clients to spend time there and use its in house photographic studios.
Such is the trust that its clients have that they entrust their customer services to the company too. Airbox’s success however led to them consistently outgrowing their premises
In October 2021 Airbox engaged Funding Nav to facilitate funding to allow the business to acquire a new site that is 4 times larger than its current premises. Funding Nav worked together with the lender to inject a substantial amount of venture debt into the fast growing business The deal was completed in April 2022 and the businesses expansion was secured. Funding Nav are continuing to advise Airbox on filling their newly acquired space.
Jeremy Tan CEO of Airbox said:
“Funding Nav helped to facilitate a deal that I didn’t even think was possible at the outset where we would be able to expand at the rate that we have bust without selling any equity.”
Stephen Sacks CEO of Funding Nav said “ Jeremy and his team are amazing and the business that Airbox is building is truly impressive, we are glad to have helped them on their journey.”
Advised one of the UKs largest cleaning machine and service experts - in Partnership with Primary Finance Group
Funding Nav together with Primary Finance Group is delighted to announce that its deal advisory team has advised one of the UKs largest cleaning machine and service experts, on its refinance of receivables, assets and shareholder debt. The deal value is £20m.
The client was established over 50 years ago and specialises in providing industrial cleaning machines and services for industry across many regions of the UK. They manage thousands of sites across the UK and Ireland in a wide variety of sectors including retail, healthcare, warehousing, manufacturing, distribution, and education.
Client CEO commented:
“We are delighted to have secured the debt deal on favourable terms and are incredibly excited by the growth prospects of the business. We were very grateful to have the excellent support, advice and experience initially of the Funding Nav and ultimately the Primary Finance team throughout the transaction. They were instrumental in helping us find suitable funding partners, as well as structuring, negotiating and delivering a successful deal.”
Phil Betts, CEO of Primary Finance said:
“We are delighted to have advised on such an exciting deal. It was clear from the very start when Funding Nav bought us into the deal that the client was perfect for PAF, and that there were plenty of opportunity to make a really positive impact on the business. We have no doubt that they will have nothing but success going forward. It has been a pleasure to work with the team, and we wish them a very successful future in the years to come. Refinancing like this are is great way to expand the potential and value of your business through reducing costs and increasing the availability of working capital.”
Stephen Sacks CEO of Funding Nav added:
“It was clear from the outset that the client would benefit from a consolidated approach. I am delighted that the synergy worked so well and that they have benefited from a significant reduction in financing costs and an increase in their working capital. Both the ultimate client and PAF have been fantastic partners.”
Funding Nav advise vintage jewellry brand Lillicoco on next stage of growth journey
The company was set up by Simon Green and Stacey Lillico in 2016 and has subsequently grown in both sales and profitability every year.
The Bristol based business sources and sells vintage jewellery – antique jewellery pieces which have been loved and adored for a century or more. These are prized pieces which have been created by master craftsmen with the finest materials and techniques available to them
Funding Nav introduced Foresight Group to the company and subsequently helped to negotiate a sizeable investment.
CEO Simon Green said:
“Stephen got us in front of a VC partner within 2 weeks of starting the search, and we’ve just successfully closed the round. Funding Nav were responsive and supportive throughout the process and got us the funding we needed quickly and on good terms. Highly recommend!”
Funding Nav advisory team successfully advised PDS Multinational Fashions Ltd (PDS)
Funding Nav is delighted to announce that its deal advisory team has advised PDS Multinational Fashions Ltd (PDS), a leading supplier of clothing to the UK supermarket and chain store sector, on its investment in Lilly and Sid Ltd (LAS), a specialist children’s clothing brand. Pricing and other deal terms have not been disclosed.
LAS was established in 2009 and its husband and wife team of Imran and Emma Hassan have developed a number of fast growing and highly differentiated children’s clothing brands. Their expertise will add another valuable skillset to PDS’s armoury.
PDS Group’s deep understanding of the fashion sector, as well as its experience and presence in the market, positions the company perfectly to support LAS in realising its full potential both in the UK and overseas. PDS’s extensive supply base, contracts and network will enable LAS to expand its offering into new regions, geographies and capabilities.
Pallak Seth, Vice Chairman of PDS Multinational, commented:
“We are delighted to have secured the investment in LAS and are incredibly excited by the growth prospects of the business as well as the many synergies that will occur from bringing the LAS branding expertise into PDS. We were very grateful to have the excellent support, advice and experience of the Funding Nav team throughout the transaction. They were instrumental in helping us find this investment, as well as structuring, negotiating and delivering a successful deal.”
Stephen Sacks, Senior Partner in the Deal Advisory team working at Funding Nav, added:
“We are delighted to have advised on such an exciting deal for the PDS Group. It was clear from the very start of the process that PDS was the perfect home for LAS, and that there were plenty of sales and operational synergies to be had. We have no doubt that both PDS and LAS will have nothing but success in their new partnership going forwards. It has been a pleasure to work with Pallak and his team and with Imran and Emma, and we wish PDS Multinational and Lilly and Sid a very successful future in the years to come. Investments like this are a great way to expand the potential and value of your business through synergies like the ones demonstrated here.”
2021 NEWS
Funding Nav is delighted to announce that its deal advisory team has advised MAP Group (MAP)
Funding Nav is delighted to announce that its deal advisory team has advised MAP Group (MAP), one of the leading independent providers of professional technology services to the UK communications sector, on its acquisition of USL Group (USL), a specialist services provider to the telecoms sector. Pricing and other deal terms have not been disclosed.
USL was established in 2005 and specialises in providing overhead fixed line maintenance services for the telecommunications industry across many regions of the UK. USL’s poling expertise, in particular, will add another valuable skillset to MAP’s armoury.
MAP Group’s deep understanding of the telecommunications sector, as well as its experience and presence in the market, positions the company perfectly to support USL in realising its full potential alongside the roll out of fibre in the UK. MAP’s extensive customer base, contracts and network will enable USL to expand its offering into new regions, geographies and capabilities.
Funding Nav is delighted to announce that its deal advisory team has advised MAP Group (MAP), one of the leading independent providers of professional technology services to the UK communications sector, on its acquisition of USL Group (USL), a specialist services provider to the telecoms sector. Pricing and other deal terms have not been disclosed.
USL was established in 2005 and specialises in providing overhead fixed line maintenance services for the telecommunications industry across many regions of the UK. USL’s poling expertise, in particular, will add another valuable skillset to MAP’s armoury.
MAP Group’s deep understanding of the telecommunications sector, as well as its experience and presence in the market, positions the company perfectly to support USL in realising its full potential alongside the roll out of fibre in the UK. MAP’s extensive customer base, contracts and network will enable USL to expand its offering into new regions, geographies and capabilities.
Mike Carlin, CEO of MAP Group, commented:
“We are delighted to have secured the acquisition of USL and are incredibly excited by the growth prospects of the business as well as the many synergies that will occur from bringing the USL poling expertise into MAP. We were very grateful to have the excellent support, advice and experience of the Funding Nav team throughout the transaction. They were instrumental in helping us find suitable funding partners, as well as structuring, negotiating and delivering a successful deal.”
Mike Carlin, CEO of MAP Group, commented:
“We are delighted to have secured the acquisition of USL and are incredibly excited by the growth prospects of the business as well as the many synergies that will occur from bringing the USL poling expertise into MAP. We were very grateful to have the excellent support, advice and experience of the Funding Nav team throughout the transaction. They were instrumental in helping us find suitable funding partners, as well as structuring, negotiating and delivering a successful deal.”
Nick Wallis, Partner in the Deal Advisory team working with Funding Nav, added:
“We are delighted to have advised on such an exciting deal for MAP Group. It was clear from the very start of the process that MAP was the perfect home for USL, and that there were plenty of sales and operational synergies to be had. We have no doubt that both MAP and USL will have nothing but success in their new partnership going forwards. It has been a pleasure to work with Mike and his team, and we wish MAP Group a very successful future in the years to come. Acquisitions like this are a great way to expand the potential and value of your business through synergies like the ones demonstrated here.”
Nick Wallis, Partner in the Deal Advisory team working with Funding Nav, added:
“We are delighted to have advised on such an exciting deal for MAP Group. It was clear from the very start of the process that MAP was the perfect home for USL, and that there were plenty of sales and operational synergies to be had. We have no doubt that both MAP and USL will have nothing but success in their new partnership going forwards. It has been a pleasure to work with Mike and his team, and we wish MAP Group a very successful future in the years to come. Acquisitions like this are a great way to expand the potential and value of your business through synergies like the ones demonstrated here.”