Ralph Coleman International, a UK retail services business, received a a £4.25 million unsecured loan.
Caple, an alternative SME credit specialist, provided the debt financing in strategic partnership with BNP Paribas Asset Management.
Led by Paul Hampton, director, Ralph Coleman International provides washing, storage, haulage and repair of plastic trays in the retail food sector. It operates from five sites in the centre of the UK motorway network in Nuneaton, Wellingborough, Warrington, Milton Keynes and Bracknell.
The company turned over £15m in the year to March 2017.
The funding enables a management buy-in and gives the new leadership team the control they need to drive the business’s next phase of growth.