Specialist UK carburettor distributor of the Weber and Solex brands, Webcon has completed a management buy out (MBO) from its parent company, Standard Motor Products Europe Ltd, in a deal financed by leading business finance provider NMB-Heller and advised by Grant Thornton Corporate Finance.
In an arrangement specifically tailored for Webcon, NMB-Heller assisted the MBO by providing a revolving invoice discounting facility against the debtor book together with a stock loan to assist Webcon’s purchase of original base stock.
