--- title: MBI for heritage glazing business funded description: SME Capital has supported Northfields Kelvinside with their acquisition of Howard Yarnold Windows and Doors with a 5 year term loan. image: https://insights.smecapital.com/hubfs/smecapital-blog-howardyarnold-sm.jpg --- [![](https://insights.smecapital.com/hubfs/SME%20Capital%20Images/smecapital-logo.svg)](https://www.smecapital.com) [Business Funding](https://www.smecapital.com/business-funding) [Portfolio](https://www.smecapital.com/portfolio) [Case Studies](https://www.smecapital.com/case-studies) [News & Insights](https://insights.smecapital.com/) [About us](https://www.smecapital.com/about-us) [Contact](https://www.smecapital.com/contact-us) Legacy [For Investors](https://www.smecapital.com/legacy-invest) ** [Log in](https://app.smecapital.com/) Looking for funding × [Business Funding](https://www.smecapital.com/business-funding) [Portfolio](https://www.smecapital.com/portfolio) [Case Studies](https://www.smecapital.com/case-studies) [News & Insights](https://insights.smecapital.com/) [About us](https://www.smecapital.com/about-us) --- Legacy [For Investors](https://www.smecapital.com/legacy-invest) --- [Contact](https://insights.smecapital.com/mbi-for-heritage-glazing-business#) [Log in ](https://app.smecapital.com/) Looking for funding **![back-chev](https://insights.smecapital.com/hubfs/back-chev.svg) **[News & Insights](https://insights.smecapital.com/) # MBI for heritage glazing business funded SME Capital has supported Northfields Kelvinside with their acquisition of Howard Yarnold Windows and Doors. [Howard Yarnold](https://howardyarnold.co.uk/) is a long-established manufacturer and installer of quality glazing solutions supplying commercial and residential clients. Since founding in the 1960s they have established an excellent reputation with thousands of business and domestic clients. The remaining founder shareholders wish to semi-retire and pass control to a purchaser who can take the business to the next level, expanding its operations across Central England.  ![Howard Yarnold team](https://insights.smecapital.com/hubfs/Howard-Yarnold-PR-Image.jpg "Howard Yarnold team") The acquirer Dr Tahsin Yasin is a highly experienced multi-national corporate CEO. Following his return to the private sector he identified Howard Yarnold as an excellent acquisition target after an extensive national search. Northfields Kelvinside is the parent holding company which seeks to acquire majority stakes in UK SMEs in the healthcare and manufacturing sectors. The aim is to create added value for businesses seeking new strategic growth pathways for the next phase of their evolution. Dr Tahsin Yasin commented, "The acquisition secures employment continuity for all existing employees and anticipates further expansion to meet the ambitious growth targets in a robust market. I'm looking forward to delivering our new strategic plan assuring the future success of the company. I would like to recognise the excellent support of the experienced buy-side advisory team. All were instrumental in completing this deal." The senior debt was expertly arranged by the team led by Stuart Watson at [SME Capital](https://www.smecapital.com). Scott Jones of [Chelsea Corporate](https://chelseacorporate.com/) advised, Shaun White of [NRG Law](https://nrglaw.co.uk/) led the legal team, Martyn Smith at [TC Group](https://www.tc-group.com/) and Neil Sharp of [TML](https://www.tml.uk.net/) led the corporate finance.  Working closely with all involved, SME Capital were able to provide a bespoke 5 year funding structure, including a 6 month Capital Repayment Holiday and a 25% lump sum bullet, to allow time for Tahsin to digest the acquisition and ease cashflow in the early months. SME Capital Regional Director, Stuart Watson said, "This is a well-respected business with an excellent reputation for quality products and service, where Tahsin will be able to develop the business further alongside the existing management team." Debt Advisor Neil Sharp of TML Finance and Advisory, who assisted the bespoke lending package, added, “It was great to see all the moving parts align both from the start to the final agreement, We have an extensive background in working on these types of deals for clients and it’s always good to put that experience to good use for a positive outcome.”   “Northfields Kelvinside recognises the excellent support of SME Capital and the experienced buy-side advisory team, instrumental in completing this deal.” – Dr Tahsin Yasin, CEO, Northfields Kelvinside   If you would like to discuss MBIs or [acquisitions](https://www.smecapital.com/business-funding/acquisitions-shareholder-events) in more detail or our wider funding capabilities do [get in touch](https://www.smecapital.com/looking-for-funding). March 2022 **Share** Copy article link **Latest News & Insights** **Keep Updated** Everything you need to know about all things SME Capital straight to your inbox [**Sign up now** ](https://www.smecapital.com/sign-up)[![more](https://insights.smecapital.com/hubfs/SME%20Capital%20Images/sprite%20icons/more.svg)](https://www.smecapital.com/sign-up) ![smecapital-blog-mbo-sm](https://insights.smecapital.com/hubfs/smecapital-blog-mbo-sm.jpg "smecapital-blog-mbo-sm") February 2022 [**What is a Management Buyout (MBO)?**](https://insights.smecapital.com/what-is-a-management-buyout-mbo) Management Buyout (MBO) is a process in which a company’s key management team acquires all or part of the company they manage. ![smecapital-blog-advisor-sm](https://insights.smecapital.com/hubfs/smecapital-blog-advisor-sm.jpg "smecapital-blog-advisor-sm") February 2022 [**The Role Of An Advisor When Borrowing**](https://insights.smecapital.com/the-role-of-an-advisor-when-borrowing) Buying or selling a business is one of the most important decisions. Learn about the role of an advisor when borrowing Looking for funding? Start today. Whether you are an eligible business or an intermediary advisor our regional directors are on hand to discuss your funding requirements and feasibility. 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