Client: Accessory Bits (ABL)
Sector: Manufacturing and Industrial
Activity: Manufacturer and distributor of specialist office desk accessory products and electrical products. Key products include power modules, monitor arms and cable management systems.
Transaction: Management Buy-Out
Gambit Corporate Finance LLP acted as lead advisor on the management buyout of Accessory Bits (ABL), for an undisclosed sum.
Institutional funding of £4.2m was provided by mid-market private equity investor Foresight Group with debt facilities from HSBC’s Midlands leveraged finance team.