Lutterworth firm lands seven-figure refinancing package

Enact Fund, the owner of Pal International, has secured a refinance package from Shawbrook to support the business.

Headquartered in Lutterworth, Pal International is a manufacturer of infection prevention and contamination control products for medical, healthcare and food processing markets globally.

Shawbrook has provided a seven-figure, flexible, multi-currency working capital facility. The funding will help the 40-year-old firm boost its product development.

Matthew Fannon, director of corporate lending at Shawbrook, said: “We have thoroughly enjoyed working with the strong management team at Pal to deliver the right funding solution that will fuel their growth, giving them the headroom to capitalise on new opportunities across the world.

“We shall be following their progress closely and are looking forward to working again with Enact and Endless in the future.”

Jon Bew at Shoosmiths acted for Shawbrook on the deal and John Connor and Lewis Sanderson at Womble Bond Dickinson Womble Bond Dickinson acted for Enact/Endless LLP.