SLF backs portfolio company Merson for ASG bolt-on

The transaction marks the second acquisition for the Scottish commercial signage company since SLF first invested in it.

The mezzanine vehicle originally committed up to £3m of funding for Merson in January 2013, in order to fund its bolt-on of wall cladding firm CGL Systems.

SLF has made a number of investments this year, including an injection of £1.55m into portfolio company Spaceright Europe to support the bolt-on of Millhouse Manufacturing Design; and a £1.5m mezzanine loan for UK data management company Traceall Global.

Company
Founded in 1960, Basildon-headquartered ASG is a designer and manufacturer of commercial signage. Its clients include Enterprise Rent-a-car, Tesco, KFC and John Lewis.

People
David Milroy is an investment director at Maven. ASG founder and managing director Sean Lloyd has taken a seat on the board at Merson as part of the deal. Roddy Angus is CEO at Merson.

Advisers
Equity – Mazars (Financial due diligence); Kergan Stewart (Legal).
Company – Morisons (Legal).

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• Topics
• Expansion
• UK / Ireland
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• United Kingdom
• Maven Capital Partners
• Acquisition finance