Denmaur Independent Papers Limited (‘Denmaur’ or the ‘Group’) has successfully secured a £30 million facility from Leumi ABL. The new financing will enable Denmaur to build on its enviable market position, continue to innovate creative and sustainable solutions and products for its customers, as well as pursue opportunistic acquisitions that are currently arising in the sector.

Denmaur has been one of the most established names in the UK print and publishing sector for over 35 years. Founded in 1983 by Mike and Nick Gee, Denmaur has become one of the UK’s leading, independently owned paper merchants and print management providers, offering comprehensive ranges of traditional and sustainable products.

Matthew Groom, Group FD, led the financing and said: “After a careful and considered process, we are really pleased to have secured facilities with Leumi ABL and are grateful to Castle for running an exceptionally smooth and successful process.  Our thanks go to Leumi ABL for their huge and unwavering support throughout the proceedings and to Outset Law who assisted us with a highly efficient legal completion.”

Stuart Stepney from Castle Corporate Finance said: “We are really pleased for the team at Denmaur and know that this facility will help underpin the Group’s ambitious medium term growth plans as well as enable it to confidently pursue both new organic growth and opportunistic acquisitions.  Leumi ABL were a delight to work with, and not only demonstrated a real hunger to secure this deal as part of the competitive process we ran, but were also proactive and pragamatic throughout the due diligence and legal process, ensuring a great result for our client and an efficient result.”

Denmaur was advised by Castle Corporate Finance, led by Managing Director, Stuart Stepney and legal advice from Outset Law. The Leumi ABL team was headed by Jonathan Hughes and Steve Ive.