Beechbrook Capital completes investment in MCM
31 March 2016
31st March 2016 – Beechbrook Capital, the specialist direct lender, has completed the second investment in its UK SME Credit Fund, providing a unitranche facility to MCM Central Limited (‘MCM’), a company hosting the UK’s largest and most popular Comic Con pop culture events and memorabilia collectors shows.
The company is continuing to grow strongly through organic growth, international show development and the introduction of complementary shows.
Beechbrook’s unitranche investment enabled Bryan Cooney, chief executive of MCM, to acquire a retiring founder shareholder’s shares and also help support the organic growth of the business.
Jon Herbert, managing director of the UK SME Credit Fund, commented: ‘We have been very impressed with how Bryan has developed the business over the last few years and are excited about supporting the business’ growth both in the UK and overseas.’
Bryan Cooney added: ‘Beechbrook were able to quickly understand my business and the market opportunity. They gave me quick feedback on their appetite for the deal and their terms. We eventually completed the deal on the same commercial terms as initially proposed. We look forward to working with the Beechbrook team going forward.’