Gordon Brothers Europe provides £1.2 million Term Loan to Theo Fennell
Gordon Brothers Europe (GBE) has provided a £1.2 million second lien term loan to Theo Fennell, a leading luxury jewellery retailer. The loan was provided in conjunction with a new senior facility from a UK-based lender.
Theo Fennell, a luxury jewellery and silverware retailer combines design and craftsmanship to create original, imaginative and unusual pieces sold through its own stores, concessions and selective retailers around the world. The loan will be used to support the working capital needs and future growth of the business.
Daniel Steptoe, Finance Director of Theo Fennell commented, “We are very happy to be working with Gordon Brothers Europe on this transaction. They were instrumental in structuring this refinancing, and their ability to provide capital to support their asset valuation gave significant comfort to all stakeholders, and provides us the capital we need to take the business to the next level.”
Eli Appelbaum, Managing Director, Investment & Finance at Gordon Brothers Europe said, “It’s a pleasure to be working with Theo Fennell and a UK-based lender on this transaction. Gordon Brothers has over 110 years’ experience and a deep understanding of asset values in the jewellery sector. This is a great example of leveraging our core competency to help businesses reach their full potential.”