Martin Audio: £1.3m funding facility from Centric
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Martin Audio is an affiliated portfolio company of Sun European Partners, LLP ("Sun European Partners"), the European advisor to Sun Capital Partners, Inc. This is one of a number of deals completed by Centric with private equity houses in the first quarter of 2012, the company says.
Tim Hawkins, commercial director at Centric, comments: "As the popularity of ABL [asset based lending] grows and proves itself to be a flexible alternative to traditional bank overdrafts, we're increasingly working with private equity houses. Thanks to its superior products and established position, Martin Audio is an ideal candidate for the type of fundi