16 February 2021 - new agreement
The AIM-listed alternative finance provider has entered into a £6.2m royalty financing agreement with a company in Nottingham which fabricates steel products for the UK streetlighting and guardrail markets. The company trades as Fabrikat and the financing will allow the current management team to undertake a management buyout whilst Duke will also receive a 30% stake in the business. Formed in 1985, Fabrikat has a long-standing record of profitability and employs around 80 staff. The financing from Duke is a combination of a secured loan and preference shares and Duke will be . . .
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