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Inventory Appraisal and Accounts Receivable Review Supports Undisclosed ABL Facility For MBO.

Inventory Appraisal and Accounts Receivable Review Supports Undisclosed ABL Facility For MBO.

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Background

European Valuations was engaged by Fargro Limited, a West Sussex based horticultural solutions and products specialist to review their accounts receivable and to appraise their inventory assets for potential asset-based lending (ABL) purposes in conjunction with a sponsor backed management buyout (MBO).

Fargro is the UK’s largest, and a leading authority, in developing and supplying biopesticide solutions and integrated pest/disease management and other specialist products to horticultural growers and amateur gardeners.

We worked closely with Fargro’ s advisers FRP Advisory (FRP) and Fargro to agree a comprehensive scope to satisfy potential lender requirements. The scope of our work included a pre-lend due diligence review of the accounts receivable and an inventory evaluation & appraisal at Fargro’ s premises in Arundel, West Sussex.

Our report and advice were used by FRP and potential lenders in their credit decision making and structuring processes to deliver a working capital facility to support the MBO and to provide further headroom for growth. An undisclosed ABL funding facility was provided by Shawbrook Bank.

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