Welcome
We are excited to introduce ourselves to you and our unique way of working together. In order to provide you with the optimal experience, how would you describe yourself?
Select option
Click here to review our cookie settings.

Case Study

Financing ABI’s Management Buyout​

ABI is one of the largest manufacturers of holiday homes and lodges in the UK. We provided a one-stop financing solution to ABI to support their management buyout.​

Case Study

Financing ABI’s Management Buyout​

ABI is one of the largest manufacturers of holiday homes and lodges in the UK. We provided a one-stop financing solution to ABI to support their management buyout.​

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
Transaction details:
  • Senior Secured Notes​
  • Subordinated Notes​
  • Preferred Equity​
Meet the team
“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.”​
Jo Cowl ​ Chief Financial Officer, ABI​
ABI partner story

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.”
Mel Copper Chairman, ABI

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. ​

Two men having a conversation

Additional case studies

See all case studies
Client company logo
Spirax completes two Shelf draws and upsizes its Revolving Shelf Facility to support M&A
Relationship Since 2017
See the full story
Client company logo
Biffa Limited refinances outstanding USPP Notes following takeover
Relationship Since 2021
See the full story
Client company logo
Supporting Mill Point Capital’s acquisition of Seviroli Foods
Relationship since 2022
See the full story

Meet our team

See all people
Right arrow
Ed Barker headshot
Ed Barker, CFA
Senior Vice President
+44 207 621 8429
Email
Midlands, East UK, Northern Home Counties, & Northern Ireland
Right arrow
Donald Campbell headshot
Donald Campbell
Managing Director
+44 207 621 8426
Email
Corporate Mezzanine

Perspectives

More than meets the eye: A closer look at the most commonly used type of capital.
The Prudential Private Capital Guide to Senior Debt.
Learn More
You might also like
Let's talk
Questions about how we can help you move your business forward? Talk to an expert dedicated to your goals
Get in TouchFind the Right ProfessionalView Our Locations
Stay in the know
Receive our latest perspectives on business issues, industry trends, and economic insights.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Our approachCase studiesPeopleCareersOffices
North AmericaLatin AmericaEurope & UKAustralia & 
New Zealand
ContactPrivacy CenterTerms & Conditions
Cookie Settings
Pricoa Private CapitalPGIM Private CapitalPGIM
This website should not be construed as investment advice or an offer or solicitation any investment advisory service.  This website is meant to be for information purposes solely for portfolio companies and prospective portfolio companies.

Prudential is authorized to transact business in all U.S. states and the District of Columbia. Product availability varies by state and country. Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. © Copyright 2023 Prudential Financial, Inc., Newark, NJ USA. All rights reserved. Prudential Financial is a service mark of The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. Your personal information may be stored and processed in any country where PGIM has facilities or in which we engage service providers and if you provide Personal Information to us you consent to the transfer of that information to countries outside your country of residence, including the United States, which may have different data protection rules than those of your country.