Done Deal: Shaftec Automotive

Driven Growth

 

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a portfolio company of

Ardenton Capital Corporation

£Undisclosed

Revolving Line of Credit & Term Loan

Automotive Parts

Financing Event: Acquisition
PNC Deal Leader: Mark Shackleton

The Company: Aftermarket Eminence

Shaftec Automotive (Shaftec) has grown over the past 20 years to be a leading transmission, steering and braking remanufacturer and supplier to the UK aftermarket.

Headquartered in Birmingham, Shaftec’s product range includes driveshafts, CV joints, brake calipers, steering racks, steering pumps and bootkits, with the business underpinned by fast delivery from its 42,000 square foot integrated site.

The Deal: Partners in Performance

Ardenton Capital Corporation invested alongside owner Robert Jones and his management team, with PNC’s facility supporting the transaction and providing headroom for the company’s expansive plans going forward.

The Achievement: Driven Growth

Shaftec has enjoyed exceptional growth. This is now set to accelerate as the business looks to further develop its European footprint and explores new complementary markets.

This was our first transaction with PNC. They had an excellent knowledge of the sector and their insightful, pragmatic and straightforward approach created deliverability from the outset.

Iain Marlow | Director, Ardenton Capital Corporation

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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