Andrew Rutherford

Arbuthnot Commercial ABL supports MBO of Ken Lamacraft Marketing

Arbuthnot Commercial Asset Based Lending Ltd has provided an asset-based lending facility to support the management buyout (MBO) of skin care products distributor Ken Lamacraft Marketing Limited (KLM).

The facility includes a receivables finance line and a cash flow loan — providing the day?one share purchase consideration — as well as ongoing working capital required to facilitate further growth.

The MBO deal will see Australian Bodycare UK Limited’s Fiona Peerless and Kevin Gambrill, now joint MDs at KLM, acquire 100% of the shares in the group.

Andrew Rutherford, commercial director at Arbuthnot Commercial ABL (pictured above), said: “The skincare and beauty industry is seeing exceptional growth, driven by strong consumer brand preference, and we wish the business every success in capitalising on the demand for its innovative range of products.”

Headquartered in Tunbridge Wells, Kent, KLM specialises in beauty products for the salon and retail sectors of the cosmetic market in the UK and Ireland.

Kevin said: “Fiona and I are excited at the opportunity of taking the enterprise forward into new areas with fresh ideas and a clear focus.

“The transaction provided the initial purchase consideration and ongoing working capital, which will be utilised to accelerate business growth.”

The deal was introduced to Arbuthnot ABL by Castle Corporate Finance.

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