Business Bio

Nexus is an ethical manufacturer and produces over half a million bags each year to over 600 professional conference organisers for their events all over the world, in addition to lanyards, badge holders, folders, stationery, technology accessories and clothing.

Loan Amount

£621,000

Region

North West

Loan Type

MBI

Sector

Manufacturing


Their Journey

When two brothers saw an opportunity to conduct a Management Buy In (MBI) of Nexus Collections Limited, Europe’s largest supplier of conference bags, they turned to ThinCats.

Following a referral, the ThinCats team was invited to visit the company and responded by structuring and delivering a £621,000 transaction to enable the incoming directors to purchase 100% of share capital of the target company, facilitating the exit of the founding directors.

Nexus is an ethical manufacturer and produces over half a million bags each year to over 600 professional conference organisers for their events all over the world, in addition to lanyards, badge holders, folders, stationery, technology accessories and clothing.

Howard Lawton, the new co-owner of the business, commented: “The first meeting we had with ThinCats was very positive and our relationship has gone from strength to strength. They could see the logic in the transaction and responded quickly with an offer.”

He continued: “We have been looking for an opportunity for some time. With Nexus we saw a business with the scope to scale given new a little love and attention and this serves as a solid foundation for further exciting, complementary acquisitions of associated companies. We would absolutely use ThinCats again to fund future transactions as we identify new targets. Their willingness to take on the banks is refreshing in the market and appeals strongly to us.”

Richard Lamb, Director Regional Business Development, ThinCats said: "This was a superb opportunity to complete the share purchase of this high quality, cash generative and profitable business with an enviable client base and a strong market reputation. Nexus offers an unrivalled support service to professional conference organisers and we look forward to supporting the management team further in line with their ambitions.”

 

Website: www.nexuscollections.com

 

We would absolutely use ThinCats again to fund future transactions as we identify new targets. Their willingness to take on the banks is refreshing in the market and appeals strongly to us.

Howard Lawton, Co-owner of Nexus Collections

 

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