DMH Stallard acted for the Brighton office of Leumi ABL Limited, on their funding of the acquisition of the Hire Technicians Group Limited by Venture Engineering Group Limited.
Leumi ABL Ltd are a commercial finance provider based in London, Brighton and the South-East. They provided a confidential invoice discounting facility which enabled the acquisition of the Hire Technicians Group. Hire Technicians Group manufacture and sell floor sanding machines and steam wallpaper strippers in England and internationally. Leumi’s finance will also allow for the working capital requirements of the Watford-based business to be met on an ongoing basis.
Abigail Owen, Corporate Partner at DMH Stallard, led the team acting for Leumi ABL on their completion within pressing timescales.
Robert Wakeford, Regional Sales Manager for Leumi ABL, commented: “Abigail Owen and her team once again provided excellent support and coherent and commercial advice, enabling a smooth completion within a very short and testing timeframe.”
Abigail Owen, from DMH Stallard, commented: “Having acted for Leumi ABL for a number of years, we are very pleased to have assisted them on this acquisition funding. The timetable was rather testing, but I am glad to confirm that we pulled out all of the stops to help Leumi and the other parties reach a successful completion.”