Floorcoverings group opens £15m war chest after funding deal
A floor coverings group has secured a £15m war chest to support its bid for expansion.
Carpet & Flooring (Trading) which has 11 sites including one in Manchester has been backed by a £15m asset-based lending facility from Secure Trust Bank Commercial Finance, a subsidiary to Solihull-based challenger bank, Secure Trust Bank.
The funding will be used to support strategic acquisitions.
It was acquired in February 2017 from SIG by transformational private equity investor, Endless, which specialises in acquiring non-core as... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
