Packaging firm secures £47.5m ABL deal
Packaging firm Reflex Group has landed a £47.5m asset based lending deal with ABN AMRO Commercial Finance.
The deal will see Reflex, which has premises in Mansfield, Market Harborough and Telford, focus on further integration of recent acquisitions and drive organic growth. The firm currently employs 800 people.
Ian Kendall, founder and CEO of Reflex Group, said: “EY conducted the full process on our behalf and as a team, we unanimously felt that ABN AMRO were the right fit to provide us with a suitable funding solution. It was clear that all parties shared the same values around sustainability and it’s a credit to everyone involved that despite lockdown conditions this deal happened.”
Jeremy Harrison, head of sales at ABN AMRO Commercial Finance, said: “We are delighted to work with the professional management team at Reflex and with EY. Despite these unprecedented times everyone in the broader deal team had to adapt to a remote working environment and accomplished the delivery of this financial solution on time.”
Amy Griffiths, director of corporate finance – capital and debt Advisory at EY, added: “It has been a pleasure to support Reflex’s continued growth trajectory by securing a flexible financing solution for them with ABN AMRO.”
ABN AMRO Commercial Finance was introduced to Reflex by EY as advisors and engaged law firms Addleshaw Goddard and Freeths (on behalf of Reflex), to provide Reflex with the asset based lending facility.
