SME Capital are delighted to have funded Nottingham-based computer hardware supplier, PLM Global, to support their recent new ownership model and management team.
PLM Global was formed back in 2014 as a hardware solution provider, the company has comprehensive experience in delivering hardware and applications solutions to multiple sectors including retail, manufacturing, transport and logistics amongst others.
From supplying legacy refurbished equipment, new equipment from distribution through to deployment, configuration, equipment buyback and ongoing repair and maintenance of your equipment, PLM can provide proper end-to-end solutions.
Shane Watson will take on the role of CEO supported by Wayne Swallows as Chairman who has been acting in an advisory capacity for PLM for the prior 2 years.
The new executive team will be made up of Rob Alcock, who has been promoted to Sales Director, Leroy Stratford, whose role is Head of Finance, and Matt Leary, the Operations Manager.
Commenting on the announcement, Shane Watson said: "I am absolutely delighted with this outcome; we have worked tirelessly to get PLM Global to the stage it is at today. With our experienced and strong-skilled board of directors, I have every faith that we will progress further."
SME Capital Regional Director, Timothy House, added “PLM have established a very successful business which is well placed in the current macroeconomic environment, Shane’s motivation and drive to grow the business was evident from the first meeting and Shane’s knowledge of the sector as well as strong relationships with key customers/suppliers should help drive the business forward."
SME Capital provided a bespoke 7 figure funding solution which included a bullet repayment in order to soften the cash repayment profile.
PLM Global was advised by HSKSG Corporate Finance Specialists with Chris Matthews commenting, "We were engaged by Shane Watson to assist with the buyout of his fellow shareholders of PLM Global Limited and seek funding for the transaction. SME Capital acted quickly to put forward a proposal that worked for our client. The process from initial contact and discussions around the funding proposal through to drawdown was very smooth and efficient that has seen Shane take full ownership of the business."
If you would like to discuss an MBO in more detail or our wider funding capabilities do get in touch.
About SME Capital
SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.
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