Chevler
Business profile
Location: south east Wales
Sector: manufacturing
Web site: www.chevler.co.uk
Investment
Amount: £525,000
Type: debt
Why we invested
Chevler is a long-established manufacturer of paper baking
cases. The company has a large and loyal customer base and has 40%
market share.
Chevler’s management team had a strong business plan. They
wanted to undertake a management buy-out (MBO) and their corporate
advisors, Broomfield and Alexander, introduced the proposition to
Finance Wales.
The outcome
Chevler’s MBO went ahead and the business consolidated its
operations at a single site at Hengoed. The company developed
bespoke equipment that will enable it to increase its volume of
orders. Chevler now plans to exploit opportunities in Europe and
the USA as well as expanding its product range.
Testimonials
“Chevler’s management team has established a market-leading
position and will look to promote the company’s future following
this MBO.” Stuart Whelan, managing director, Chevler.
“Finance Wales’ investment has enabled Chevler to improve its
production process and this has helped it perform better than
predicted. We’re happy to continue supporting Chevler’s growth.”
James Henderson, portfolio executive, Finance Wales.