Done Deal: Asset Solutions Group

Count on Us

 

Asset Solutions Group logo

a portfolio company of

LDC

£10,000,000

Revolving Line of Credit & Term Loan

Retail Solutions Provider

Financing Event: Acquistion
PNC Deal Leader: Drew Johnson

The Company: New Beginnings

Retail & Asset Solutions (RAS), part of the Asset Solutions Group (ASG) is the new retail solutions provider formed from the buyout of the retail arm of OCS Group UK by LDC and its management.

Orpington-based RAS provides supply chain management, stocktaking and merchandising services for many household brands such as Tesco, Sainsbury's and Jack Wills.

The Deal: Count on Us

With a firm and swift grasp of the needs of LDC and the new team, PNC put together a revolving and term debt solution that supported the deal and meets the ongoing working capital needs of the new business.

The Achievement: Retail Leadership

The next step for RAS is to consolidate its leading UK position, further invest in state-of-the-art technology and explore high growth overseas opportunities.

We’ve been working with Lois, OCS and the management team for a number of months to get this transaction to fruition. We’ve been hugely impressed by the quality and drive of the management team, and the breadth and quality of the customer offering for the retail sector.

Rob Schofield | Investment Director at LDC

Important Legal Disclosures & Information

*A portion of the funding provided by Steel City Capital Funding, a division of PNC Bank. Steel City Capital Funding provides Cash flow-based senior debt, junior secured and second lien loans for sponsored and non-sponsored transactions. 

Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.

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