E-Commerce and Fulfilment Group

Praetura Commercial Finance completes multi-million MBO deal for leading E-Commerce and Fulfilment Group

The Challenge
Praetura Commercial Finance was invited by a highly experienced management team to fund the acquisition of the shares of a leading e-commerce and fulfilment group.

Praetura was selected due to its ability to structure and execute a funding solution in a short timeframe that would provide the high level of headroom, flexibility and proactive support that will enable the Group to take its growth plans to the next level.

The Solution
Having met the senior management team and taken the time to work with them closely to understand the nuances of each of the individual business lines and the specific considerations of the Group structure, Praetura delivered a substantial finance package to support the Group’s ambitious expansion plans.

Praetura provided the facility within the agreed timescale, ensuring that the required level of working capital was available to match the Group’s projections. This is an example of a growing number of recent multi-million pound transactions recently completed by Praetura.

The Transformation
The Group operates a network of e-commerce and fulfilment services both domestically and across the globe.

The CEO of the Group said: “We have known the team at Praetura Commercial Finance for a good number of years and they understand our business extremely well. When the opportunity arose to conduct an MBO, they responded very quickly, completing the deal in just two weeks, precisely in line with our timeframe.”

He continued: “They worked closely with our advisers to shape a substantial facility that has the flexibility to keep in step with the ebbs and flows of our forecasts. Whilst with other providers, you are confronted with a list of rules, with Praetura you gain a relationship with a supportive team that is easy to work with and that wants to structure a deal to suit your needs.”

Stuart Bates, Commercial Director of Praetura Commercial Finance, said: “We look forward to supporting the management team to help take the Group into the next chapter of its development. More than simply being funding providers, our objective, as always, is to become a key partner.”

“The substantial funding line we have provided is a true enabler. With a strong and committed management team, profitable track record, excellent financial governance and rigour and the considerable potential for growth through the development of new markets, the future for the Group is very exciting.”