Jacobson Group secures £14m finance deal
The management team of Rossendale-based branded footwear supplier Jacobson Group has secured a £14m funding package from Shawbrook Business Credit.
Jacobson’s, with a history of more than 80 years in the footwear industry owns an impressive portfolio of brands which cater for a broad cross section of market sectors including Ravel, Dolcis, Gola and Frank Wright.The deal will enable the company to further expand their international distribution network and continue to grow their online presence.
The £14,3m asset-based lending facility comprised a £9m confidential invoice discounting line, a £2,3m property term loan and a stock revolver of £3m. Jacobson was advised by national law firm Shoosmiths.
