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.
Formed in 1977, Miriad is the largest privately-owned recreational vehicle parts wholesale company in the UK. It is based in Foston, Derbyshire, halfway between Uttoxeter and Burton-upon-Trent.
Miriad was sold in an MBO in 1999 and today turns over £23m.
Alongside Duke... For the full story register now for free or login below...