Done Deal: Jenkins

First Port of Call

 

Jenkins Shipping logo

a portfolio company of

Alcuin Capital Partners

£8,000,000

Revolving Line of Credit & Term Loan

Logistics

Financing Event: Growth
PNC Deal Leader: Steve Buckmaster

The Company: Logistics Leadership

Belfast headquartered Jenkins was founded over 35 years ago. The company is a port-centric logistics business that unloads, stores and distributes products for global manufacturers importing into the UK and Ireland.

Operating from 8 strategic locations, including Liverpool, Hull, Sheerness, Belfast and Dublin, Jenkins is a market leader in handling paper products.

The Deal: Expanding Footprint

With an ever-expanding global and loyal customer base, Jenkins is continually developing its operational capacity and locations, having recently undertaken key acquisitions and strategic partnerships.

The Achievement: First Port of Call

The facility supported the investment in the business by Alcuin Capital Partners LLP (Alcuin), PNC’s second transaction for Alcuin in 2018, and provides ongoing working capital support for the company’s exciting plans.

PNC demonstrated their insight, flexibility and speed in getting the deal over the line to a tight timescale. Jenkins has great potential and we are delighted to be working with PNC yet again.

Nick Seaman | Investment Director, Alcuin Capital Panters

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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