Investec backs Carmel Clothing

Investec Growth & Acquisition Finance has provided an integrated debt facility to support the growth strategy of the London-based garment designers and manufacturers, Carmel Clothing. As part of the financing arrangement, Investec has provided Carmel with revolving and amortising loan facilities, delivering working capital funding and support for future investment.

PRESS RELEASE

Investec Growth & Acquisition Finance (“Investec”) today announces that it has provided a £16 million integrated debt facility to support the growth strategy of the London-based garment designers and manufacturers, Carmel Clothing (“Carmel”).

As part of the financing arrangement, Investec has provided Carmel with revolving and amortising loan facilities, delivering working capital funding and support for future investment.

The Kentish Town-based designer and manufacturer has offices in China and Vietnam employing more than 100 staff and generating revenues of £30 million. Carmel supplies high-profile UK and European high street stores and supermarkets such as Next and Arcadia Group, offering catwalk inspired commercial designs through early development and identification of key trends. This high-quality offering has led to rapid growth and so, as a result, Carmel’s management team has ambitious plans for the company’s future which it turned to Investec to support.

Simon Blayne, Managing Director of Carmel commented: “Throughout the deal, the Investec team showed enthusiasm and understanding of Carmel. With Investec’s support and commitment, the potential for Carmel’s growth and development is truly exciting. We recognise the importance of selecting the right funding partner and, through our relationship with Investec, we can now focus on serving our customers with outstanding design-led garments”

Tristan Nagler of Investec commented: “We’re passionate about partnering with first class management teams. Backing entrepreneurs is at the heart of what we do and we are confident our integrated debt facility will support Carmel in delivering its growth strategy.”

- Ends -


For further information please contact:
Investec Specialist Bank
Tristan Nagler 020 7597 5178
Gary Edwards 020 7597 4726

Newgate Communications
Andrew Jones 020 7680 6550

NOTES TO EDITORS:

Investec Growth & Acquisition Finance
Investec Growth & Acquisition Finance is part of Investec Specialist Bank. It works with entrepreneurs, management teams and private equity houses to provide finance to UK mid-market companies. Their flexible solutions cover the entire capital structure offering revolving and amortising senior cash flow lending, mezzanine finance and minority equity on either a standalone or integrated basis. They are a single, empowered and responsive team focussed on making deals happen and building strong relationships with clients.

Investec Specialist Bank
Investec is a specialist bank that provides a diverse range of financial products and services to a niche client base in three principal markets: the United Kingdom, South Africa and Australia, as well as certain other countries.

This press release is issued on behalf of Investec Bank plc. Registered address: 2 Gresham Street, London, EC2V 7QP. (Reg No. 489604). Investec Specialist Bank is a brand name of Investec Bank plc, which is a member of the London Stock Exchange.

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