November 2024 update
Welcome to the latest deal stories, where we will update you on the latest growth investments FDC has made this month and the achievements our portfolio has made.
Music tuition firm to expand EdTech platform
??Location: Warwickshire
?? Sector: Education
??Investment: ￡100,000
Totally RAD Schools – a Warwickshire company that provides music lessons in over 300 schools – has secured ￡100,000 in debt finance from the Midlands Engine Investment Fund II, enable the company to further develop its new online platform and expand its service to include adult learners at all levels, from beginners to accomplished musicians seeking to hone their skills.
Leading supplier of in-flight products undergoes MBO
??Location: London
?? Sector: Aerospace
??Transaction: MBO
FDC backs Watermark, a leading supplier of in-flight products to the airline industry, with investment to undergo a management buy-out.
The firm supplies customers including British Airways, United Airlines, Virgin Atlantic and Qantas with passenger essentials such as crockery, glassware, bedding, amenity kits and personal care products.
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Hawthorn Timber acquires Cheshire Mouldings
??Location: Hull
?? Sector: Manufacturing
??Transaction: Acquisition finance
FDC provides multi-million-pound investment to support the acquisition of Cheshire Mouldings by Hawthorn Timber to form Summit Timber Group.
Cheshire Mouldings & Woodturnings, a leading manufacturer and supplier of wooden fixtures, fittings and joinery, has been acquired by Hawthorn Timber in a multi-million-pound deal backed by Frontier Development Capital (FDC) to form Summit Timber Group.
Logistics Tech Firm Secures 7-Figure Funding to Expand National Network
??Location: Guildford
?? Sector: Logistics
??Transaction: Growth and Expansion
Diamond Logistics – a UK company that has built a national network of delivery and fulfilment providers around its unique technology platform – has secured a seven-figure loan from Frontier Development Capital (FDC) to support its further expansion.
Its Despatchlab platform offers a complete end-to-end solution from order management to warehousing and delivery. It makes it easy for retailers to outsource warehousing and logistics to local providers and, as it integrates with over 60 online marketplaces, to manage orders from multiple sales channels. It also enables providers to manage their entire operation, streamline processes and offer same-day, overnight, national and international deliveries.