About the deal
Springboard’s Debt Advisory team is delighted to announce that it has advised on the debt refinancing of JB Kind, a timber door distribution company based in Swadlincote in Derbyshire. Springboard first worked with JB Kind in early 2015 when partner David Neate advised on the management buy out of the business.
JB Kind has established itself as a market leader in the supply of high quality doors over the last 35 years, founded on a reputation for innovation. The company now has over 50 employees and a growing product portfolio of more than 200 door designs. Springboard worked with JB Kind to assess its funding requirements and then presented the opportunity to a number of debt providers.
As part of this process, Springboard introduced JB Kind to Shawbrook Bank who provided a bespoke funding package to fund growth and meet their strategic objectives.
How we made a difference
- Developed a comprehensive business plan and financial model;
- Ran a competitive debt advisory process resulting in multiple debt offers to deliver the deal;
- Negotiated and structured a sophisticated debt package to support the growth aspirations of the business; and
- Project managed the process at all stages, securing a successful completion.