Veloom lands Aldermore debt funding to acquire and grow MBE Fabrications
What's the deal? VeloomDealroom has a profile for this one. Try Dealroom → has secured debt funding from Aldermore to back its acquisition and growth plans for MBE FabricationsDealroom has a profile for this one. Try Dealroom →. The deal was arranged by Evolve Business FinanceDealroom has a profile for this one. Try Dealroom →, with Aldermore providing the capital through its invoice finance and asset-based lending arm.
What's the endgame? MBE Fabrications is an established manufacturer with specialist products and an export track record. Veloom intends to expand the business, with a focus on overseas growth.
Who helped? Evolve Business Finance, led by director Stef Radymski, sourced the lender and brokered the transaction. Rothera Bray LLPDealroom has a profile for this one. Try Dealroom → advised on legal matters, with David Kaplan and Liz Mills covering corporate and banking, and Ed Postlethwaite handling property.
Radymski said the goal was "to find a lender that understood that opportunity and would take the time to work with the team." He brought the buyer three options before settling on Aldermore.
Why now? Veloom co-founder David Myles said the acquisition targets a business with room to grow. "We're now looking forward to expanding what is already a great business," he said.
The signal: Asset-based and invoice finance remain key tools for small businesses funding acquisitions outside traditional equity routes. Aldermore's Alex Hazell pointed to MBE's "clear potential for further international growth" as the reason for backing the deal — a reminder that specialist lenders continue to compete for growth-stage manufacturing bets.
Read more: theintermediary.co.uk
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