An Ј8 million refinancing deal, including Ј3.5 million provided by GE Commercial Finance, (GECF) has enabled St. Helen’s-based Delta Fluid Products Limited’s management team to redeem the entire acquisition finance originally provided by Close Brothers.
Delta’s management team, led by chief executive Brian Travis, formerly of Delta plc, bought the business out of Delta plc in April 2002, with funding from Close Brothers Growth Capital (CBGC).
Delta Fluid Products is a long-established, consistently profitable, manufacturer of safety critical valves and fittings.
Commenting on the deal, Mark Shackleton, regional director at GE Commercial Finance, said: “GE Commercial Finance is delighted to have been involved in the execution of this interesting deal, and we look forward to supporting Brian Travis and the management team in the ongoing development and growth of the business.”
