Automotive services group United Car Parts has raised funds to expand its service areas, with support from BKL.
United Car Parts is a growing supplier of car accessories. It is focusing on the electric vehicles market.
Financial backing was provided by ThinCats, a leading alternative finance provider dedicated to funding ambitious SMEs. The £1m funding facility enables United Car Parts to invest in new service facilities for painting and bodywork, while also developing its digital platform.
BKL’s corporate finance team provided financial modelling and specialist advice to United Car Parts while working closely with the ThinCats team.
On our collaboration with ThinCats, David Ball from our corporate finance team said: “We were delighted to work with ThinCats on this transaction. The funding they delivered will enable the client to pursue a number of routes to further their business growth.
We are currently working with a number of growing businesses and seeing high levels of activity within fund raising and M&A and look forward to working with ThinCats again in the future.”
For more information about how our corporate finance specialists can help you, please get in touch using our enquiry form.
This year we also helped global healthtech business Lumeon to secure $28m funding to expand its commercial operations in the United States. Read more about that deal here.