GE Capital, one of Europe's leading providers of Asset Based Lending (ABL), recently announced that it has provided a Working Capital facility to support the Management Buyout (MBO) and on-going growth of Displayplan Limited from Leggett & Platt UK Limited.
GE Capital, one of Europe's leading providers of Asset Based Lending (ABL), recently announced that it has provided a working capital facility to support the Management Buyout (MBO) and on-going growth of Displayplan Limited from Leggett & Platt UK Limited. The buyout which took place on 11th January 2012 was jointly led by Neil Campbell, who became Executive Chairman, and Scott Morris, who continues as Managing Director.
Based in Baldock, Hertfordshire, DisplayPlan is a retail display consultant, providing a complete service from concept, through design and sourcing to finished product delivery. Its customers are global brands or major retailers throughout Europe, the Middle East and Africa. The company, which was founded in 1984, employs 50 people and also has operations in continental Europe and China.
Neil Campbell commented: "We are delighted that Leggett gave us the opportunity to buy DisplayPlan when they decided that it did not form part of their forward strategy. We view this as an exciting opportunity for all our colleagues in the business & believe this will increase growth opportunities with existing as well as new customers."
Barry Lee, Regional Director of GE Capital UK East Midlands, added "We are delighted to be involved in providing funding for this transaction and look forward to a successful relationship with the business."
Zoe Chambers
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