Investec finances Carmel

The debt package includes a revolving credit facility and working capital. It will allow Carmel to continue its ongoing growth strategy, which saw the company opening offices in China and Vietnam.

Founded in 1998, Carmel is headquartered in London and currently employs 100 staff. The company generates revenues of £30m.

Carmel designs and manufactures clothing for high street retailers such as Next and Arcadia Group, the latter of which is the parent company of Topshop, Miss Selfridge and Dorothy Perkins. The company also supplies its products to supermarkets across Europe.

Tristan Nagler and Gary Edwards worked on the deal for Investec's growth and acquisition finance division.

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