Investor hooks up with caravan company to take stake to 30%
Investor Duke Royalty has made a further £5.3m investment into a Uttoxeter importer and distributor of motorhome, caravan and camping accessories.
As part of the deal, Duke Royalty will also increase its equity interest in Miriad Products to 30%. The follow-on investment will bring its total investment into Miriad to £18.3m. Monthly payments starting in January 2022 will total approximately £208,000 and, based on current trading, Duke expects to achieve a positive adjustment factor in February 2022.
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