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Driving growth

How we helped the acquisition of a logistics company with an invoice finance facility.

The HLD Group

The HLD Group is an industrial group specialising in acquiring companies that are ripe for expansion and development through outside investment. The HLD Group specifically focuses on companies with revenues between £10m and £100m.

Understanding their finance requirements allowed us to create a bespoke invoice finance package to meet business needs.

Working together

For this particular deal, Aldermore provided a lump sum to complete the acquisition, finances to support cashflow for working capital and money was also set aside for the purchase of new vehicles. The deal was conducted jointly by the invoice finance and asset finance divisions at Aldermore.

Seeking out a financing facility

HLD quickly identified that to achieve its objectives, DF Services would have to invest in the latest modern transportation equipment. Demis Ohandjanian, CEO of HLD Group, comments: “We wanted to complete the deal relatively quickly as the opportunity to purchase DF Services was attractive. One of the key selling points of DF Services is that in addition to running its own fleet, the company also operates its own workshop facility. Other providers of its size do not – this really sets them apart from the competition. “Aldermore were the only bank to respond to our needs quickly. They were great to deal with. Slick, efficient, quick and they gave the proposals proper due diligence. “We considered a couple other banks as a comparison, but Aldermore was always at the forefront. We’d used them before in late 2012 for another acquisition. Their service then was impeccable, so it’s no wonder that we went back. Normally we would use a couple of banks but on this occasion we relied solely on Aldermore.”

 “I’m delighted we chose Aldermore as a first option for finances – both their attitude and expert knowledge have been invaluable to us as we’ve expanded. They really have been exemplary in how a bank should operate.” Demis Ohandjanian, CEO of HLD Group

Mr Ohandjanian says: “We chose Aldermore because we know they’re just as keen for us to succeed as we are! There was a certainty of transaction and deliverance on their part, which is vital when you’re looking for financial support. “DF Services currently has a turnover of around £6m but with our acquisition we hope to push this to over £10m. With Aldermore’s help this should be achievable. For any company looking to make an acquisition or secure additional funding, I highly recommend Aldermore. They are a refreshing way of doing banking.”

See what our Bank can do for you…

If you would like to find out more about how Aldermore could help you achieve your business dreams you can read more about how we have helped companies just like Steve’s by visiting www.aldermore.co.uk/invoicefinance or you can speak to one of the team directly by calling 0800 721040

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  • Finance
  • Business
  • Invoice Finance
  • SME
  • Case Study
  • Finance

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