InterFlex makes asset-based acquisition

03/04/2008

The Scottish packaging company InterFlex has carried out an acquisition deal enabled by an asset-based lending arrangement it has in place with Venture Structured Finance.

Having already made use of Venture's invoice discounting services, InterFlex has been able to leverage larger sums that meant it could take control of flexographic printing business EBR, CreditMan reports.

InterFlex is confident that the purchase of EBR will enable it to offer a more comprehensive range of services to its food sector customers in the UK and a separate debtor finance deal has been agreed to provide cashflow going forward.

Paul Goodchild, regional director for Venture Structured Finance said: "The way the facilities are structured ensures ongoing flexibility meaning that InterFlex can grow and develop, while management can rest easy in the knowledge that the funding will grow along side it."

The British Bankers' Association said recently that many of the UK's thousands of small firms are in a string position to grow in the coming months.