GMAC Commercial Finance, the UK's largest independent invoice finance and asset based lending specialist, has agreed to a Ј5m refinancing deal with Stewart Group Holdings Limited and its subsidiaries, Stewart Plastics, the UK's leading manufacturer of garden containers, and Lotus Water Gardens, the oldest established water gardening brand.
Stewart Group's management team has used the funds to stage a Ј11m secondary MBO acquiring the company from Bridgepoint Capital. The deal secures the future of the Group and enables the management team to fund its product development and growth plans into the future.
Stewart Plastics and Lotus Water Gardens have an extensive distribution network and links to many of the UK's leading retailers. The finance package from GMAC CF gives the flexibility to enable the directors of the company to focus on the opportunities that such a network presents.
