£3m ABL deal funds business acquisition
£3m ABL deal funds business acquisition
3 Pages£3m ABL deal funds business acquisition Customer: River Ridge Recycling Industry: Waste management Funding: £3 million asset based lending facility (comprising £2 million invoice discounting line and £1 million cash flow loan) to fund acquisition of a business About River Ridge Recycling River Ridge Recycling is a waste management company based in Northern Ireland. The business has seen a great deal of change since it was established over ten years ago, transforming from a landfill firm to a state-of-the-art waste recycling plant. The company continues to invest in technological upgrades in order to reduce the need for its on-site landfill operation.Business challenge The firm was looking to acquire another business within the waste sector in Northern Ireland and the acquisition required
