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Leumi ABL puts the shine on MBO of leading hair and beauty products
business
Coventry-based E A Ellison & Company Limited was founded in 1930 and is now one of the UK’s leading suppliers of professional hair and beauty products.
Supplying over 13,000 salons, health clubs, hotels, spas and colleges with consumable products, Ellisons now has a turnover of £15 million and boasts Champneys, Regis Salons and Center Parcs among its clients.
When the business embarked on a management buy-out from current stakeholders, Geoff Morris, Chief Executive of Ellisons, was introduced to asset based lending specialists, Leumi ABL, by Jasper Corporate Finance in Birmingham.
Geoff considers Leumi ABL’s approach very timely: “Highly professional and responsive throughout the deal process, Jason Holland kept all the key stakeholders informed of progress at all times, including our main clearing bank, lawyers and corporate finance advisers. Compared to other finance providers we considered, Leumi ABL completely outshone their competition and we look forward to their continuing support.”
Jason Holland, Leumi ABL Midlands Regional Director comments: “Ellisons has an outstanding reputation with their customers and a long and successful history in the professional hair and beauty market. This MBO positions them strongly to exploit new growth opportunities in this very competitive sector and we look forward to supporting their business.”
Coventry-based E A Ellison & Company Limited was founded in 1930 and is now one of the UK’s leading suppliers of professional hair and beauty products.
Supplying over 13,000 salons, health clubs, hotels, spas and colleges with consumable products, Ellisons now has a turnover of £15 million and boasts Champneys, Regis Salons and Center Parcs among its clients.
When the business embarked on a management buy-out from current stakeholders, Geoff Morris, Chief Executive of Ellisons, was introduced to asset based lending specialists, Leumi ABL, by Jasper Corporate Finance in Birmingham.
Geoff considers Leumi ABL’s approach very timely: “Highly professional and responsive throughout the deal process, Jason Holland kept all the key stakeholders informed of progress at all times, including our main clearing bank, lawyers and corporate finance advisers. Compared to other finance providers we considered, Leumi ABL completely outshone their competition and we look forward to their continuing support.”
Jason Holland, Leumi ABL Midlands Regional Director comments: “Ellisons has an outstanding reputation with their customers and a long and successful history in the professional hair and beauty market. This MBO positions them strongly to exploit new growth opportunities in this very competitive sector and we look forward to supporting their business.”
