Done Deal: Dimensions

Cross Border Tailoring

 


a portfolio company of

LDC

£70,000,000

Revolving Line of Credit & Term Loan

Corporate Clothing Suppliers

Financing Event: Management Buy-Out
PNC Deal Leader: Mark Shackleton

The Company: New Group

This new Group is formed following the LDC backed Management Buy Out of the UK’s largest supplier of corporate clothing uniforms to businesses and individuals. The Group trades internationally through four highly regarded and established brands and employs more than 800 people across the UK and US.

The Deal: Leading Brands

Midlands based Dimensions is the UK market leader in supplying corporate clothing solutions to major employers. South West based Alexandra provides a comprehensive range of catalogue garments to public and private sector businesses and Glasgow based Yaffy is a leading provider of high-performance outerwear and technical clothing to UK police forces. Texas based Twin Hill services large-scale uniform programmes for major managed clients in the United States.

The Achievement: Cross Border Tailoring

Working alongside management, LDC and Clearwater International, PNC tailored a complex cross border transaction which both supported the deal and provides substantial ongoing headroom for the company’s dynamic plans to grow market share organically and via further acquisitions.

The deal had many moving parts. PNC was attentive and agile throughout and has delivered a very well thought through facility that will support us in the next stage of our growth and development.

Morgan Atherton | Chief Finance Officer of the Group, Dimensions

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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