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At a Glance
ABI (UK) Limited completes management buyout
In February 2020, we completed an MBO financing for ABI through our one-stop capabilities, which included a senior secured credit facility, subordinated notes, and preferred equity.
Relationship since 2020
- Senior Secured Notes
- Subordinated Notes
- Preferred Equity
“Prudential in relation to the MBO was attractive to us because it allowed our private equity house to get the returns they needed. It allowed our chairman to take out the bulk of his investment. It also allowed the management team that were staying onboard to retain a majority stake of the business to keep them completely engaged in the future success of the business.”
Chief Financial Officer, ABI
The Full Story
Providing unwavering commitment through challenging times
Seven weeks after completing a management buyout, ABI was forced to cease all of their operations, close the factory and furlough 510 employees. On March 23, management made the difficult decision to suspend production and send their employees home. We held conversation with ABI from the start and were involved in their decisions early on.
“I always believed that Prudential would be different. That's been proven in practice. There is involvement. There is interest. We're in it together.”
A supportive, long-term partnership
We pride ourselves on being a supportive and patient partner, and in the early days when there was uncertainty around the pandemic, we provided a sounding board and a voice of experience to give ABI the confidence to run their business with a long-term mindset.
Fast-casual restaurant chain completes minority recapitalization
Relationship since 2014See the full story
Ed Barker, CFA
Senior Vice President
+44 207 621 8429Email
Midlands, East UK, Northern Home Counties, & Northern Ireland
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