Targus Europe Limited, the London, UK-based European division of Targus Group International Inc, a global supplier of notebook carrying cases and accessories, has received a £13m debt financing facility from GE Capital.
The financing will be used to support the businesses’ on-going growth strategy in the UK.
Founded in 1983, Targus Inc’s headquarters are located in Anaheim, California, with offices worldwide and distribution agreements in more than 100 countries.
Commenting on the transaction, Michael Dunne, Finance Director of Targus Europe, said: “The GE Capital team demonstrated a thorough understanding of our business requirements and flexibility in developing a financing solution that leverages our key European assets to support the growth of our global business”.
FinSMEs
03/03/2011