Five-year credit deal

synseal 5 year creditProventus Capital Partners III has provided a five-year £46 million credit facility, including both a term loan and an acquisition facility, to the UK-based Synseal Extrusions. The facility will be used to refinance existing debt and to continue to fund the buy-to-build strategy.

Synseal, which manufactures extruded PVC-U window and door profiles, sealed glass units and conservatory roofs, operates from three facilities in the midlands and serves more than 700 customers. The firm has revenues in excess of £100 million and employs more than 900 staff.

David Leng, Synseal’s CEO, commented: “Proventus has delivered a flexible package that allows Synseal to accelerate our organic and acquisitive growth at an exciting time as the UK market for our products is showing real growth.”

No posts to display