Altenburg Advisory (“Altenburg”) is delighted to have supported Provident Lift Group (“Provident”) in arranging a multi-million-pound acquisition facility to support its acquisition of Temple Lifts (“Temple”)
Provident is a leading independent lift services provider in the UK, led by Keith Duberley who brings over 30 years of experience in the lift sector having previously worked at Schindler before acquiring and managing Crest Lifts (part of the Provident Group). Temple will retain its own brand and identity while benefitting from synergies and shared best practices from being part of the Provident Group. The acquisition of Temple was supported by a bespoke multi-million-pound facility from ThinCats.
Keith Duberley, owner, and founder of Provident said: “We are delighted to have completed the acquisition of Temple. An acquisition that secures the independent future of Temple Lifts and strengthens its foundation for continued growth and success within the Provident Lift Group.
We are very grateful to Dan and the Altenburg team for their support and advice throughout the funding process, ensuring that we obtained an attractive and appropriate funding solution.”
Dan Barrett, Partner at Altenburg Advisory, said: “We really enjoyed working with Keith and his team and are delighted to have helped facilitate this transaction. Our hands on approach enabled us to structure and arranged tailored facilities from ThinCats to enable the transaction to be completed in a timely manner while providing Provident with structural flexibility around its debt funding”
About Temple
Temple is a leading provider of lift maintenance, repair and modernisation services in the UK
About Provident
Provident is a leading independent lift services provider in the UK, comprising of Crest Lifts and now Temple lifts
About Altenburg Advisory LLP
Altenburg Advisory is a specialist debt advisory firm that works with established businesses seeking debt financing to help them achieve their strategic objectives. Altenburg advises on structuring and arranging bespoke financing solutions, with a focus on leverage finance, speciality finance, asset based lending and real estate funding