Home / News & Insights / News & PR / DMH Stallard acts for Leumi ABL Ltd

DMH Stallard acts for Leumi ABL Ltd

08 Jul 2015

DMH Stallard acted for Leumi ABL Limited who funded the management buy-in of Nu-Tech Engineering Services Limited.

DMH Stallard has recently acted for finance providers, Leumi ABL Limited, to help the completion of the share purchase of Nu-Tech Engineering Services Limited by Ventureep5 Limited (a special purpose vehicle). Leumi’s confidential invoice discounting facility will allow for the working capital requirements of the business to be met on an ongoing basis.

Leumi ABL Limited is a specialist asset based lending subsidiary of Bank Leumi (UK) plc. They offer growing businesses a range of finance solutions. Their flexible and personal approach allows them to structure for multi-facility deals using invoice discounting, inventory, plant and machinery loans.

Abigail Owen, led the corporate department for DMH Stallard, and worked alongside the Leumi ABL team, to complete the funding arrangements which enabled the acquisition to complete.

Robert Wakeford, from Leumi ABL commented: “This management buy-in transaction went from an initial discussion to signed documents in just a week. During the process DMH Stallard provided excellent support and advice and this enabled the deal to be completed in a very tight timeframe. Abigail Owen and colleagues showed an unparalleled ability to quickly understand our client’s commercial needs whilst protecting our interests. They facilitated a smooth completion to a full satisfaction of all parties involved.”

Abigail Owen, from DMH Stallard commented: “At DMH Stallard we pride ourselves on providing an outstanding service to clients. For Leumi, we helped them bring this deal to a successful completion in what was a very testing and fast transaction. We are pleased to have assisted Leumi in putting in place the confidential invoice discounting facility for their client.”

Further reading

Get in touch