Independent corporate finance and investment advisory firm, specialising in smaller quoted and larger unquoted companies
14 January 2010
To date 3 deals have been completed. MCR has invested £102,000 for a 51% shareholding in a new holding company which in turn owns 100% of LM Logistics Limited (“LM”) and Syntex Logistics Limited (“Syntex”). LM is a warehouse and transport group founded in 1973 and based in Felixstowe; Syntex specialises in container haulage. MCR will also provide a £398,000 loan facility to the new group, secured against a first charge over its unencumbered assets, amounting to c£1m.
MCR has acquired a majority stake in a group of transport companies that operates bus services for local authorities. MCR have invested £200,000 for a 51% stake in a new holding company which has acquired 100% of the group and provided a working capital facility of up to £300,000.
MCR has granted a loan facility of £50,000 to a local radio group which has purchased five local radio stations out of receivership and plans to build a wider network. As part of the transaction, MCR has taken a 10% equity interest in the company. The facility is secured against assets and directors’ guarantees.
Merchant Capital Limited
Aldermary House
10-15 Queen Street
London EC4N 1TX
United Kingdom
Tel: +44 (0)20 7332 2200