Done Deal: Retail & Asset Solutions Group (RAS)
Retail & Asset Solutions (RAS) is the UK market leader in stock assurance services to the retail industry with strengths in the grocery, pharmacy and DIY end-sectors. Pioneering initiatives have helped RAS achieve an unrivalled position in the provision of stocktaking, store development and supply chain management services.
Financing Event: Buy In Management
PNC Deal Leader: Kelly Henney
PNC got the job done. They delivered to meet an incredibly tight transaction timescale, concluding the deal in just 3 weeks from heads of terms to completion. They are a supportive funding partner and collaborated closely with all stakeholders to make the overall structure work. The flexible deal structure comprised a revolving line of credit, which has unlocked working capital for growth and a cash flow loan enabling us to drive our expansion into Europe, particularly in relation to the supply chain and Good Faith Receiving audit process.
__ David Wilson | Finance Director, Retail & Asset Solutions Group Ltd.
Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.