- J-TEQ EMS Solutions undergoes successful MBO
- Working capital facility provided by our invoice finance team supports deal
Based on the outskirts of Edinburgh, J-TEQ is a contract manufacturer specialising in electronic assembly. It supplies products to telecomms, medical, oil and gas, transportation, broadcast, defence and security companies.
Support from our invoice finance team helped J-Teq with a successful management buy-out (MBO) from its parent company. A working capital facility generated sufficient cash flow to cover acquisition costs whilst enabling the business to continue to grow.
Dougie Shaw, Managing Director of J-TEQ:
"I am delighted that our MBO was successful. I worked for our parent company for many years so when it decided to sell the business, I knew that this presented the perfect opportunity to take over operations."
"The working capital facility has been crucial in enabling us to finance the MBO. We've had a working capital facility for many years and it has really helped to transform our business. At first it enabled us to take the business from loss-making to profitability. Since then, it has supported our growth and more recently enabled us to generate funds for the takeover."
Drew Kean, Commercial Relationship Manager (invoice finance team):
"I am pleased that the working capital facility has supported the business long-term and aided the recent MBO. Dougie’s leadership has really transformed the business and we look forward to continuing to work together in the future."
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