Dunlop Systems and Components has secured investment from Finance Birmingham and ABN Amro Commercial Finance to support its continued expansion in a deal led by Springboard Corporate Finance.
About the deal
Dunlop designs and manufactures advanced electronic control systems and air suspension components for the automotive and ancillary industries. The Company, with its long Midlands heritage dating back to 1890, was formed in 2007 following a management buy-out of the Dunlop Coventry suspension division from Trelleborg AB.
Under the stewardship of Chris Davis, Managing Director, the business has invested heavily in the Company’s infrastructure and capabilities by moving into a purpose built, state of the art facility at Prologis Park in Coventry in June 2014. The current investment will be used to fund the company’s growth plans, which include the creation of over 15 additional jobs during the next two years.
David Neate added, “We are delighted to have been able to secure the financing to support the continued growth of Dunlop. As a leading global supplier to the automotive sector, the additional funding will enable the Company to drive growth by investing in new product development. This strategy has already seen Dunlop secure a number of new contracts with leading international automotive groups.”
How we made a difference
- Developed a comprehensive investor ready plan;
- Negotiated and structured a funding package to support the growth aspirations of the business;
- Funding package delivered without sacrificing equity, maximising the shareholders retained stake in the company; and
- Delivered the transaction within a short timescale.
Chris Davis - Dunlop Systems and Components
Springboard delivered exactly what they promised – a refinancing deal on our terms and in a timely manner. We are delighted with the outcome and would highly recommend Springboard.