PDT advises on the acquisition of Ralph Coleman International

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PDT advises on the acquisition of Ralph Coleman International

Published: 06 November 2018

PDT’s corporate team has advised Premier House Investments on its first acquisition, the purchase of Nuneaton based Ralph Coleman International. The deal was a buy-in management buy-out with Paul Hampton and Jon Graves investing in the business alongside managers Darren Smail and Alan Pitman. The deal was backed by a £4.25m unsecured loan from Caple and a £2m invoice finance line provided by Arbuthnot Commercial Finance.

"Rebecca Glazebrook and Rosie Haines from PDT have been incredibly supportive in our acquisition of RCI. This was a difficult purchase from a legal point of view and the PDT team were able to navigate us through this complexity to a very satisfactory conclusion. We expect to use the PDT team again for some future purchases into our portfolio"

Paul Hampton, Director, Premier House Investments Limited

Ralph Coleman International is a full service haulage and transport company providing warehousing, distribution, repair, washing and recycling services to some of the UK’s largest and most well-respected supermarket brands. It operates from a number of sites around the UK and over the last four decades has become a highly respected retail services business both here in the UK and abroad.

 

Rebecca Glazebrook, who led the PDT team, commented  “This deal was led by an experienced MBI team. There were a number of challenges to overcome along the way but as the parties were working collaborately we were able to find solutions to ensure the investment completed and resulted in a successful outcome for all parties. Congratulations to all”.

 

Rosie Haines said “It was a pleasure to work with the Premier House Investments’ team on their first acquisition. It’s an exciting time for RCI and this deal secures its future and the next phase of development and growth. I look forward to seeing the team use their wealth of business experience to successfully expand and drive the RCI business forwards.”

The content of this webpage is for information only and is not intended to be construed as legal advice and should not be treated as a substitute for specific advice. PDT Solicitors LLP accepts no responsibility for the content of any third party website to which this webpage refers.

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