£6.2m MBO at Notts steel fabricator
Duke Royalty, the provider of alternative capital solutions, has entered into a £6.2m royalty financing agreement with Meteor HoldCo, which trades as Fabrikat (Nottingham) in Sutton-in-Ashfield.
Formed in 1985, Fabrikat is a fabricator of steel products supplying the UK street lighting and guardrail markets.
Duke's investment will facilitate a management buyout of two shareholders who, in recent years, have handed over the day-to day-running of the business to the current management team which has a combined tenure in the busin... 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...
