First-time business buyer acquires packaging supply company
A first-time business buyer has acquired Shrink Wrapping Supplies, a packaging supply company, with the help of Derby-based Female Founder Finance.
Lola Johnson, who has a corporate role and property investment background, completed the acquisition as her first step into business ownership.
After facing challenges with traditional lenders, Johnson was referred to Roxanne Goodman at Female Founder Finance, who helped construct a funding solution.
In the end, a funding package which included a secured loan and invoice financing has “provided essential breathing room.”
She said: “This is my first business acquisition. We looked for businesses that complemented our skill set, and Shrink Wrapping Supplies stood out as a great opportunity to build something long-term.”
The funding solution included a second charge mortgage on one of Johnson’s investment properties arranged through Together Mortgages, and invoice finance via RBS to support working capital.
Legal support during the deal came from Farringford Legal, who helped with the necessary documents and negotiations.
Nick Butler, founder and legal director at Farringford Legal said: “We are always excited to work on deals with Female Founder Finance, so we were delighted when they introduced us to Lola for support in the acquisition of Shrink Wrapping Supplies Limited. Our work included drafting and agreeing on an SPA, together with the negotiation and agreement of the related disclosure letter, security documentation about the deferred consideration and all relevant ancillary documents.
“We were able to work closely with the client to ensure the process was as smooth as possible, and our experienced team helped Lola navigate any challenges she faced during their acquisition.”
Johnson continued: “We were thinking we could get some stock funding, but unfortunately, that didn’t go through because we weren’t already in the industry. Roxanne was great at looking at different opportunities, different funding routes… she was really patient and just didn’t want to give up on finding something for us.”
Goodman said: “Supporting Lola through her first acquisition was such a rewarding experience. From our very first conversation, it was clear she had a bold vision – we simply needed to find the right structure to fund the purchase while making sure her business had the working capital it needed to thrive. Like many women founders, Lola faced a few bumps along the way – but we tackled each one together, with clarity and confidence. That’s what this journey is about: finding smart, sustainable paths forward, even when things get complex. The outcome? A deal that truly works for Lola and sets her new business up for success.”
Johnson said: “We’re still finding our feet in terms of the business, but I think the route we’ve ended up with has been quite good. The funding package, which included a secured loan and invoice financing, has provided essential breathing room. It’s helping us so far with managing cash flow, and it’s also helped us to actually complete the acquisition purchase itself.”
