Making assets work for your business

Article Abstract:

Asset-based finance, which is firmly established in the US, is now becoming more widely accepted in the UK, according to Lloyds TSB Commercial Finance Business Development Director John Jenkins. Indeed, he estimates that one in 10 small to medium-sized management buyouts or management buyins now use asset-based finance to some extent. He indicates that some 10% of the around 485 deals of less than $16 million completed in 1998 were put together with input from asset-based finance. He acknowledges that asset-based finance is not suitable for all sectors, but is effective in those sectors for which it is suitable.

Acquisitions Analysis-Financing, Analysis, Officials and employees, Acquisitions and mergers, Financial analysis, Asset-backed securities, Asset backed securities, Lloyds TSB Commercial Finance

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Introducing a new identity

Article Abstract:

The management buyout purchases of communications consultancy Wolff Olins (WO) and zinc alloy manufacturer Trident Alloys (TA) were both partially funded by venture capital lender Lloyds Development Capital (LDC). Banking services for the WO buyout were supplied by NatWest Markets. The TA buyout total cost was 20 million pounds sterling. LDC, Lloyds Bank Acquisition Finance and TSB Commercial Finance contributed 19,750,000 pounds sterling of the funding and the management team gave 250,000 pounds sterling.

Mergers, acquisitions and divestments, Telecommunications industry, Communications industry, Zinc industry, Wolff Olins U.S.A., Trident Alloys

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