Investec provides debt for 2M co-founder buyout

The company received an amortising and revolving debt facility, reportedly in the region of £25m, but no external equity was invested in the transaction.

The new debt package will be used to support Kessler buying out co-founder Ieuan Thomas, refinance the group, and support future operations.

2M, founded in 2003, is an industrial holding company with focus on the chemical distribution sector. The company currently holds Banner Chemicals, acquired in 2004 and based in Liverpool, and Surfachem, based in Leeds and acquired in 2007.

Headquartered in Runcorn, UK, 2M employs 200 staff and has revenues of around £100m.

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• Topics
• UK / Ireland
• Financing
• Senior debt
• United Kingdom
• Investec