Done Deal: Karium

Steel City Solution

 


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a portfolio company of

JZ International

£27,000,000*

Revolving Line of Credit & Term Loan

Personal Care Products

Financing Event: Acquisition
PNC Deal Leader: Jason Zillwood

The Company: High Profile Personal Care

Formed from the acquisition of Godrej Consumer Brands by JZ International (JZI), Karium is a unique portfolio of well-known Personal Care Products.

These include PRO:VOKE, an expert hair colour enhancement and care brand; Soft & Gentle, a fragrance led anti-perspirant deodorant and care brand; and Cuticura, an anti-bacterial hand hygiene and medicated skin care brand.

The Deal: Steel City Solution

PNC provided a senior secured facility comprising of an Accounts Receivable and Inventory revolver and a Term loan. PNC’s solution was enhanced by utilising its own Junior Secured lending fund, Steel City Capital Funding, within the debt structure.

The Achievement: Grow and Build

Alongside Karium’s strong management team, JZI intends to continue to grow the business organically, as well as through a focused buy-and-build strategy across the UK and Europe.

PNC was very supportive throughout the deal process. The facility provides a firm foundation for the new business going forward as it undertakes its extensive and exciting growth plans.

Martin Wright | Senior Partner, JZ International

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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