main navigationproduct navigationsite support navigationpage contentuseful information navigation

MKM lays strong foundation for the future

The challenge

 

  • Facilitate institutional buy-out of retiring shareholders.
  • Fund controlled expansion of business.
  • Design debt solution to meet needs of diverse parties.

 

The solution


We provided £38m of debt and associated services to help fund the exit of two founding shareholders and assist MKM’s growth plans.

“This was a win-win deal for everybody,” says Richard Townsend, senior relationship manager, Lloyds TSB Corporate Markets. “It was good for the bank, for the existing shareholders and for the shareholders who are staying.  Having seen MKM grow from just an idea, it was tremendously satisfying to help facilitate in a deal that helps it move towards the future.”

David Kilburn, MKM’s chief executive says: “We selected Lloyds TSB as our deal partner because of our relationship with their team. They have always been supportive and have an intimate knowledge of how we do business. We look forward to working with Richard Townsend and his team as we continue to grow.”

 

Why Lloyds TSB Corporate Markets?

 

  • Appropriate and cost-effective solution.
  • Strong, long-standing relationship with customer.
  • A single contact point for different arms of the bank.

To find out how we could help your business, contact us.