BZ, the specialist asset-based lender, has completed a £36 million multi-jurisdictional ABL and cashflow transaction for Carclo plc, a market-leading manufacturing partner for life science and precision technology.

The new facilities will provide a stable financial platform for the company to execute its growth plan while underpinning an additional £5.1 million contribution to the company’s defined benefit pension scheme.

The comprehensive asset-based lending package includes £9m of revolving facilities structured against accounts receivable and inventory, £13m of term loans structured against plant and machinery and real estate and a £14m cashflow term loan. The multi-currency structure, funded against UK and US entities provides flexible funding to support ongoing working capital and CAPEX investment. This is an important step for the Group, enabling it to continue to invest in the business and allow the Group to deliver on its strategy.

Frank Doorenbosch, Carclo plc’s Chief Executive Officer, said:
“This transaction represents a transformative reset of our financial foundation. Our new facility with BZ, alongside the significant reduction in our pension deficit, is far more than a technical financial transaction - it embodies our commitment to the continuing transformation of Carclo. BZ was very open and consistent from day one and straightforward in their approach. Their team has practical, seasoned professionals who understand what’s achievable in reality. We’re not the easiest business to finance with our multiple jurisdictions and the pension fund complexity, but they handled it all very pragmatically.”

He continued: “BZ gives us the flexibility to scale funding up and down as needed. That’s why we see them as a partner rather than just a lender. They take a genuine interest in our business, providing another pair of eyes with valuable experience in working with other companies. With BZ, we have the additional capital when we need it for opportunities that arise. You need both a flexible organisation and a flexible funding partner - that’s exactly what we have with BZ. We now stand ready to accelerate our growth trajectory with greater confidence and capability.”

Peter Jaffe, Chief Executive Officer of BZ, said:
“We are delighted to have provided this multi-jurisdictional funding solution to enable Carclo plc to embark on this transformative next phase of its evolution. This comprehensive facility supports CAPEX, addresses their pension scheme, and provides substantial headroom to fuel their long-term vision.”

Russell Gilling, Managing Director of BZ, commented:
“It was a pleasure to work with the management team throughout the process for this complex transaction, bringing together the various stakeholders and delivering a bespoke solution to meet the company’s requirements to allow it to complete its expansion strategy.”

EY acted as advisor to Carclo plc. Additional advisers included Hilco (valuation services), Crowell Moring (legal advisers to BZ), Addleshaw Goddard (legal advisors to Carclo plc) and RSM (financial due diligence).

About Carclo plc
Carclo plc is a public company whose shares are quoted on the Main Market of the London Stock Exchange. The Carclo Group is a global leader in high-precision components with comprehensive, end-to-end manufacturing capabilities. With expertise spanning mould design, automation, production, assembly, and printing, Carclo supports critical growth sectors, particularly life sciences, aerospace, and optics, with tailored, precision solutions.