SME Capital provided bespoke funding for Modular Group Investments (MGI), a fast-growing group of businesses specialising in UK offsite and modular manufacturing, to complete its acquisition strategy of fabricating experts Rapid PVCu.
funding from SME Capital over 5 years
Rapid is a Doncaster based manufacturer, supplier and installer of PVCu windows, doors, conservatories, and equinox roofs to leading blue chip construction companies operating within the new-build, trade and retail sectors. The acquisition will significantly increase the productivity of MGI and extend their customer base, including a focus on the modular construction market so effective in affordable and social housing. It will also allow the experienced fabrication and installation teams at Rapid to expand and develop their business and to maintain high quality service to their customers.
Many lenders steer clear of MBIs given the higher risks involved as the new shareholders have not been involved in the business to any great extent pre-completion.
What we did:
We understood the historic business model and performance through our in-house financial due diligence. Through detailed discussions with the incoming shareholders on their background, skill sets and plans for the business and how they planned to work with the existing operational team, we were able to comfortably support them.
SME Capital’s funding has helped to:
Fund the acquisition by Michael Garratt and his team
Develop the business to exploit further opportunities nationally
Allow the vendors to ensure the business remains a key local employer
Modular Manufacturing Specialists
"SME Capital provided a bespoke
cashflow led deal structure and have
been very helpful throughout the
– Michael Garratt, CEO, MGI
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