Record Job Retention for Caparo Wire
Mark was engaged by Bernard Darlington and Andrew Ellison to secure funding for the acquisition of their division of Caparo steel group.
Mark said “the Caparo group’s issues were well known but, on meeting Bernard and Andrew, it was clear that they had built a solid business that was not itself distressed but required a quick resolution. Working closely with Bernard and Andrew, within 4 days of engagement, we had released a 30 page document to investors and within 4 days of that we had secured multiple offers of funding. Rcapital were clear frontrunners from the beginning and have proven to be the right choice.”
Bernard Darlington, CEO of Wrexham Wire, said: “Immediately following the appointment of Administrators, we wanted to secure the future of our part of the business. We engaged Mark Steel and he worked tirelessly to secure the right funding partner and see this deal through to a successful completion. Without Mark, this deal wouldn’t have happened.”
Chris Campbell, Investment Director, who led the deal for RCapital said, “Mark’s involvement was vital in ensuring we could quickly understand the business, the situation and, most importantly, the impressive future prospects for the company.”