Investec delivers bespoke debt package to EmergeVest’s £75m buyout of CM Downton

Investec Growth & Acquisition Finance delivers bespoke debt package to EmergeVest’s £75m buyout of CM Downton

Investec Growth & Acquisition Finance (“Investec”) has provided a bespoke asset based & cashflow debt package to support the EmergeVest-backed buyout of Downton, a Gloucester-based national logistics group. The funding package was designed to fund the acquisition while also catering for working capital and growth, and included a receivables revolver alongside a term lending structure.

The deal is the fifth Investec have backed with EmergeVest since backing the Hong Kong-based private equity house’s first UK deal in 2013.

Downton provides nationwide coverage from its fleet of 600 trucks and over 1,000 trailers which operate out of 10 core distribution hubs and a further 19 operating centres. The company generates a turnover of approximately £120m from clients including AB InBev, Dyson, Whirlpool and Fever Tree.