Gambit Corporate Finance has acted as lead financial advisor to Jehu Group (“Jehu”) in securing a multi-million pound funding package.
Founded by Jack Jehu in the 1930’s, Jehu is one of Wales’ largest independently owned construction companies. Since its inception, Jehu has experienced significant growth in both revenues and its client base, with turnover projected to surpass £80m in FY21. The group has over 80 years of proven experience, delivering quality and excellence for its clients across private, commercial, mixed-use and public sectors, social housing providers and boutique private house building.
The transaction provides Jehu with a flexible, multi-million pound facility for both working and growth capital purposes. The funding package was provided by Bibby Financial Services, Santander and the Development Bank of Wales.
Simon Jehu, Managing Director of Jehu commented “After an incredibly challenging period, it has been great to work alongside Jason Evans and his specialist team at Gambit to secure this major funding package which will provide us with a solid platform to face the challenges that lie ahead for the economy. They quickly understood our multi-faceted business and what was required for us to move forward. The pandemic has required us to react and adapt the way we operate in the property and construction sector. The new funding package has increased our working capital by 130% giving us confidence as we look to the future with the exciting projects we have lined up and our continued expansion into Bristol and the South West.”
The Gambit team was led by Jason Evans (Partner), Simon Marsden (Director) and Nick Gallagher (Analyst) who were responsible for identifying and approaching selected funders, advising the directors throughout the transaction, negotiating the terms and project managing the transaction through to completion.
Jason Evans said “We are delighted to have worked with Simon and the Jehu team in securing the funding solution. Jehu is widely recognised for its high quality workmanship which has underpinned its impressive growth trajectory in recent years. Against a backdrop of unprecedented economic uncertainty and a sector which can be challenging for some lenders, the transaction highlights the opportunity for high-growth businesses to benefit from flexible funding solutions and significant levels of liquidity deployed by alternative finance providers. Jehu has a fantastic track record, high quality leadership and a strong pipeline of future projects to look forward to.”