21/04/2021 Andrew

Multi-asset Review and Valuation Supports £21.73m ABL Facility.

Background

European Valuations was engaged by UK Private Equity fund Elaghmore following their acquisition of Orchard House Foods from Hain Celestial Group.

Orchard House Foods are a leading supplier of prepared fruit, fresh fruit drinks and chilled desserts to retailers across the UK and Ireland. Their customers include Marks & Spencer, Sainsbury’s, Greggs and Pret a Manger.

Our work encompassed conducting a pre-lend due diligence review of the accounts receivable and a plant & equipment valuation of the assets for potential asset based lending purposes. Secure Trust Commercial Finance structured and provided a £21.73m ABL funding facility to support the company and to provide additional working capital which will allow the company to invest in the equipment and product development to deliver their growth strategy.

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