Rcapital makes material investment in UK based cable specialist

13/06/2016

Growth investor Rcapital has made a significant financial investment to acquire a material equity stake in Frimley based A&GP Trading.

In addition, Rcapital has made significant working capital funding available to enable the business to meet anticipated growth throughout 2016.

Growth investor Rcapital has made a significant financial investment to acquire a material equity stake in Frimley based A&GP Trading. In addition, Rcapital has made significant working capital funding available to enable the business to meet anticipated growth throughout 2016. The former privately owned business employs over 50 members of staff in the UK.

A&GP Trading is a leading importer and distributor of IT networking, cabling and power products operating across the UK, trading under a number of brands including Cablenet and Cablelines. Rcapital’s investment has enabled incumbent CEO Peter Pearson to progress plans to further develop the business and take advantage of significant growth opportunities. Rcapital has also introduced a Chairman and CFO to further strengthen the management team.

Peter Pearson commented:

“We are delighted to have successfully completed a significant financial investment in our business which will allow us to pursue our ambitious growth strategy over the next 1-2 years. I am looking forward to working with Rcapital and the appointed non-executive directors to create further value in the business.”

Rcapital was introduced to the deal by FRP Advisory, with support on the transaction received from legal advisors RadcliffesLeBrasseur. Squire Patton Boggs and Gateley also provided legal advice to senior lenders.

“We are excited by the prospect of working with Peter and his team to grow the business organically as well as looking for complementary acquisition opportunities.”

Chris Campbell, Director at Rcapital

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