Granville Baird Capital Partners (GBCP) has backed the management buyout of Paddock Fabrications Ltd from private vendors. The £8.9m investment is the second UK transaction from GBCP’s 7th Fund and was supported by a debt package provided by Royal Bank of Scotland. The deal was originated by Ernst & Young’s Bristol office. GBCP will assist Paddock through leveraging the benefits of the Baird international network in the Far East, US and Europe.
Debtwire and Creditflux examine the way direct lenders reacted to pandemic-related upheaval and how the industry looks set to bounce back
Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017