Case studies
Esterform press release
Lloyds TSB supported the deal with an integrated package consisting of senior debt and asset backed lending.
Alistair Pendleton, Director at the Acquisition Finance division of Lloyds TSB Corporate Markets in Birmingham, said: "In a relatively short period of time, Esterform has developed into a key player within the UK plastic bottle and preform market. Turnover has tripled in the last two years and management's decision to concentrate on niche areas, whilst continuing to grow share in established markets, will ensure this continues. "
Simon Woodcock at the Birmingham office of Lloyds TSB Commercial Finance, said: "Despite operating in a highly competitive market, Esterform's acquisitions strategy has paid off and helped boost sales considerably over the last few years.
"In addition to supporting the firm's growth plans, this deal demonstrates the growing role of asset backed lending within the buy-out arena. Our facilities not only helped secure the deal, they also provided sufficient working capital to help fund the future capital expenditure required to support its expansion. "
