Investec provides debt for MBO of BM Polyco

The debt package, understood to amount to £20m, combines amortising and revolving debt to underpin the buyout and group refinancing, as well as working capital to fund investment and acquisitions.

BM Polyco is a UK-based supplier of consumer hand protection, retailing through various brands. The company also produces professional gloves. Founded in 1979 and based in Enfield, the firm has grown organically and through acquisitions. It currently employs 125 members of staff and reports annual sales of £55m.

The management buyout will be led by the firm's current managing director Mark Holdaway. The company's founders have also committed capital to support the buyout.

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• Topics
• UK / Ireland
• United Kingdom
• Investec