Done Deal: VJ Technology

Secured Expansion

 

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a portfolio company of

Primary Capital Partners

£19,000,000

Revolving Line of Credit & Term Loan

Building Products
Distributor

Financing Event: Acquistion
PNC Deal Leader: Drew Johnson

The Company: Specialist Leader

Operating nationally from its head office in Ashford, Kent, VJ Technology (VJT) is an industry-leading distributor of specialist fixings, fasteners and consumables to the construction, infrastructure and civil engineering industries.

The Deal: Certainty and Speed

Certainty of execution against a tight timescale was important for Primary Capital Partners in its acquisition of VJT from SIG Plc. PNC was a natural choice for getting this deal done and delivered a bespoke solution at speed that supported both the acquisition and the business’ ongoing working capital requirements.

The Achievement: Secured Expansion

VJT is a strong brand operating in a niche and growing market. With the new funding in place it is poised to invest in people, technology and logistics to further enhance its excellent technical capabilities and customer service, as well as expanding its geographical reach from a focus on London and the South East to replicate its level of outstanding service across the UK.

PNC has been extremely user friendly, walking the management team and the finance function through the process from start to finish. We look forward to developing a long-term relationship with a very positive, helpful and supportive business partner.

Mark Tomlin | CEO, VJ Technology

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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