Caravan parts supplier lands £10m royalty finance deal
A Derbyshire company which supplies parts to the caravan industry has landed a £10m cash injection from an alternative finance firm.
Duke Royalty has invested £10m of royalty financing into the MRDB Holdings Limited Group, which trades as Miriad Products in Foston.
Formed in 1977, Miriad is the largest privately-owned recreational vehicle parts wholesale company in the UK.
Miriad was sold in an MBO in 1999 and today turns over £23m.
Alongside Duke's financing, two new directors are being appointed who will provide strat... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...