GE Capital invests £17m in Baird Group
Asset-based lending specialist GE Capital has provided two subsidiaries of Baird Group Limited with £17m of finance facilities.
BMB Clothing and Worth Valley Menswear will have the use of confidential invoice discounting and a revolving stock loan to support the companies' growth plans.
The investment will supply the firms with working capital in the region of £113m over the first year.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com
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