MDW Capital advises on its fourth completion of 2022

 

London, 26^th April 2022

 

MDW Capital Partners LLP (“MDW”) is delighted to announce the completion of its fourth financing of 2022. MDW advised National Timber Group (“NTG”), the UK’s largest independent timber distribution and processing group, on arranging new debt facilities.

 

NTG, a portfolio company of Cairngorm Capital Partners, has undertaken a number of significant bolt on acquisitions in recent years and now serves a diverse and varied customer base including joiners, regional house builders, commercial companies and infrastructure projects. As a specialist supplier of timber, sheet and joinery products, with substantial warehousing, processing and distribution capabilities throughout the UK, NTG is able to provide a broad range of high quality products on short lead times, supported by unrivalled comprehensive knowledge and expertise.

 

NTG engaged MDW based on the firm’s exceptional track record of raising debt facilities for a number of similar businesses and as former borrowers, MDW’s principals have a unique ability to clearly understand a borrowers’ needs based on their track record and background. The new financing facilities, provided by Pricoa and Santander, refinances NTG’s existing debt facilities together with providing significant follow on capital to support NTG’s continued buy and build strategy.

 

Neil McGill, Cairngorm Managing Director, commented “MDW’s experience with us is outstanding and the team has always negotiated outstanding debt facilities for our portfolio companies. This transaction was no exception, the team demonstrates a clear understanding of a borrower and shareholder’s needs and their experience delivers a flexible financing facility to support our growth aspirations for NTG. MDW’s hands on approach and extensive experience also creates huge efficiencies to the process and helps achieve a significantly better outcome for our portfolio companies.”

 

David Culpan, Managing Partner at MDW, remarked “deliverability is absolutely key for borrowers and their shareholders. MDW’s track record demonstrates our ability to accomplish this alongside a highly efficient process and working closely with the borrower’s other advisers, whilst obtaining terms critical for that borrower. Our background as borrowers and investors consistently differentiates MDW and delivers the best results for our clients.”