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Printing company (3) - Nottingham

Customers objectives:
• Refinance existing assets to purchase preferential redeemable shares of two Directors that were retiring

Problems to overcome:
• Value of assets was not enough to cover the purchase of shares

Deal structure:
• We took the assets as security, together with second charges on the Directors homes, and a second debenture behind
   the customers bank

Conclusion:
The two remaining Directors were able to release the retiring Directors from the business, allowing them to take overall control