Toggle nav
Login
Sign on to Online Banking
- Forgot User ID or Password?
-
ENROLL IN ONLINE BANKING:
Personal | Small Business - Sign on to PINACLE®
Get our Mobile Banking Apps »
Personal and Small Business:
Sign on to Mobile Banking »
Personal and Small Business:
Sign on to Online Banking »
Corporate and Institutional:
Sign on to PINACLE® »
Done Deal: Karium
Steel City Solution
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.
Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.
©2021 The PNC Financial Services Group, Inc. All Rights Reserved.
Feedback
