Wednesday, May 29, 2024

Retail display manufacturer targets future growth with refinance

A manufacturer of point-of-sale display equipment, SDI Displays, has completed a multi-million pound refinance backed by Praetura Commercial Finance, generating additional capital for the business to pursue growth.

Headquartered in Loughborough, SDI Displays offers end-to-end solutions across the retail and hospitality sectors by manufacturing and installing a wide range of visual designs across shops, restaurants, and cafes.

Working with clients including Boots, M&S and Kurt Geiger, SDI delivers a suite of retail fixtures, from point-of-sale displays to full shop interiors. SDI’s installations help retailers to drive better brand presence and encourage higher shopper footfall.

SDI now plans to accelerate its growth ambitions utilising additional headroom provided by Praetura.

Ian Wright, managing director at SDI Displays, said: “This deal represents an exciting period for SDI Displays, where sustained growth and rising profits have meant that we can expand the business and its offerings.

“We’ve already been able to diversify into the hospitality sector off the back of our retail success, so we’re looking forward to the growth possibilities that this transaction has afforded us.

“We were drawn to Praetura Commercial Finance because of the access to the senior management team and flexibility they offer. Their support has helped us to strengthen our vision and put more resources into the innovation we’ve always prioritised at SDI Displays.”

Stuart Bates, commercial director at Praetura Commercial Finance, said: “We bought into and understood SDI Display’s vision from the outset. We were keen to support Ian and the team with the additional capital for the refinance and continued success.

“SDI has a highly experienced management team with entrepreneurial vision for growth. We very much look forward to working with them in the future with our ‘more than money’ approach.” 

The deal was led by Jeff Greenfield (sales director) at Praetura, referred and supported by Richard Mason from Ricosta Capital.

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