Dains Corporate Finance advises on fund-raising for Cameron-Price

Deal summary

Dains Corporate Finance is pleased to announce that it has raised a multi-million pound funding package for Cameron-Price to support its next phase of growth.  The financing, provided by Yorkshire Bank, comprised a combination of cash flow loans, a property mortgage and working capital facilities to assist the business as it undertakes fresh expansion. It has also enabled key employees to be brought into the ownership of the business.

Based in Birmingham, specialist injection moulding and assembly business Cameron-Price manufactures and delivers superior, cost-effective products to a range of blue-chip customers.  The business has over 50 years of trading history, working across a wide range of industry sectors throughout the UK and Europe.  The company’s product range covers multiple sectors including automotive, FMCG, sport, medical, electrical and industrial products, with customers served including the likes of Audi, BMW, Honda, JLR, as well as Procter & Gamble, Honeywell and Centrica.

As part of the fund-raising the company’s Finance Director Lewis Pepall and Operations Director Russel Watts have invested in the business and acquired shares alongside Barry Moor, who continues in his role as Managing Director.

What our client said

Managing Director Barry Moor, who has been with the business for 24 years, said: “Having completed a management buy-out in 2015 with the support of Roy Farmer and Dains Corporate Finance, they were the partner of choice to support the next phase of development within the business. Their continued support and understanding of the business that had developed over the past four years was invaluable.”

“The corporate finance and tax teams at Dains provided excellent advice to the company and guided us throughout the entire process.  Their experience and expertise in deal advisory and raising funds was invaluable and ensured that we reached a successful conclusion.”

“We are very excited about the future, as we have excellent opportunities and a world class manufacturing facility. Being able to bring Lewis and Russel into the ownership of the business will help us to deliver on our plans for growth and diversification over the coming years.  We will continue to expand the business and to grow in new sectors in order to capitalise on the significant opportunities we see ahead.”

The difference we made

Roy Farmer, Head of Dains Corporate Finance added: "As a firm our relationship with Cameron-Price and Barry goes back over 20 years, and it has been a delight for us to work with Barry, Lewis and Russel on this fund-raising exercise.  The company’s reputation has been built on delivering a consistently high-quality service to all of its customers and under the leadership of Barry the company has moved up the value chain with impressive growth over the past four years since the management buy-out in 2015.” 

“In order to prepare the company for its next phase of growth and to bring Lewis and Russel into the ownership structure a new funding package was required and it made perfect sense to continue Cameron-Price’s existing relationship with Yorkshire Bank.  The company is now very well placed to further grow and develop its services.” 

Advisers and funders

Corporate finance advice was provided by Roy Farmer and Rob Wilson of Dains Corporate Finance and tax advice was provided by Adam Longmore and Charlotte Gosling of Dains LLP.  Funding was provided by Ian Fairclough and James Oliver of Yorkshire Bank.  Mathew Harvey and Mike McMahon (Trowers & Hamlins) and Lee Clifford (Freeths) provided legal advice to the newco and management team respectively.  Legal advice to Yorkshire Bank was provided by David Doogan (Pinsent Masons).