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Case Study

Financing ABI’s Management Buyout​

ABI is one of the largest manufacturers of holiday homes and lodges in the UK. We provided a one-stop financing solution to ABI to support their management buyout.​

Case Study

Financing ABI’s Management Buyout​

ABI is one of the largest manufacturers of holiday homes and lodges in the UK. We provided a one-stop financing solution to ABI to support their management buyout.​

At a Glance

ABI (UK) Limited completes management buyout

In February 2020, we completed an MBO financing for ABI through our one-stop capabilities, which included a senior secured credit facility, subordinated notes, and preferred equity. ​

Relationship since 2020
Transaction details:
  • Senior Secured Notes​
  • Subordinated Notes​
  • Preferred Equity​
Meet the team
“Prudential in relation to the MBO was attractive to us because it allowed our private equity house to get the returns they needed. It allowed our chairman to take out the bulk of his investment. It also allowed the management team that were staying onboard to retain a majority stake of the business to keep them completely engaged in the future success of the business.”​
Jo Cowl ​ Chief Financial Officer, ABI​
ABI partner story

The Full Story

Providing unwavering commitment through challenging times

Seven weeks after completing a management buyout, ABI was forced to cease all of their operations, close the factory and furlough 510 employees. On March 23, management made the difficult decision to suspend production and send their employees home. We held conversation with ABI from the start and were involved in their decisions early on. ​

“I always believed that Prudential would be different. That's been proven in practice. There is involvement. There is interest. We're in it together.”
Mel Copper Chairman, ABI

A supportive, long-term partnership​

We pride ourselves on being a supportive and patient partner, and in the early days when there was uncertainty around the pandemic, we provided a sounding board and a voice of experience to give ABI the confidence to run their business with a long-term mindset. ​

Two men having a conversation

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Meet our team

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Ed Barker headshot
Ed Barker, CFA
Managing Director
+44 207 621 8429
Email
London Corporate Finance
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Donald Campbell headshot
Donald Campbell
Managing Director
+44 207 621 8426
Email
Corporate Mezzanine

Perspectives

More than meets the eye: A closer look at the most commonly used type of capital.
The Prudential Private Capital Guide to Senior Debt.
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