Business

United Glass Group funds acquisition with £4.5M investment

Walsall-based architectural glass specialist United Glass Group (UCG) has secured a £4.5m follow-on investment from Duke Royalty to fund its latest acquisition.

The funds will be used by UGG to complete the strategic acquisition of London Architectural Glass (LAG), a UK supplier of bespoke architectural glass to premium residential, educational and heritage projects throughout the UK.

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Business

£6.2m MBO at Notts steel fabricator

Duke Royalty, the provider of alternative capital solutions, has entered into a £6.2m royalty financing agreement with Meteor HoldCo, which trades as Fabrikat (Nottingham) in Sutton-in-Ashfield.

Formed in 1985, Fabrikat is a fabricator of steel products supplying the UK street lighting and guardrail markets.

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BusinessInvestor

Investment boost for UK caravan industry wholesaler

British caravan and RV parts wholesale company Miriad Products (MRDB Holdings Limited Group) has received a significant follow-on investment from its long-term capital partner Duke Royalty Limited. The funds will allow Miriad to buyout and cancel all of its subordinated vendor loan notes (VLNs) and will see Duke increase its equity interest in Miriad up to 30 per cent.

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