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01 Jul 2026

Addleshaw Goddard advises Leumi UK on £36m ABL facility supporting Portmeirion Group recapitalisation

"Addleshaw Goddard advised Leumi UK on the successful completion of a £36m asset-based lending (ABL) facility for Portmeirion Group, provided alongside an £18.6m equity raise to support the company’s recapitalisation and refinancing and strengthen its balance sheet for turnaround and growth."

Addleshaw Goddard advised Leumi UK on the successful completion of a £36m asset-based lending (ABL) facility provided to Portmeirion Group to support the company’s recapitalisation and refinancing. The facility was delivered alongside an £18.6m equity raise and strengthens Portmeirion Group’s balance sheet, underpinning the company’s ongoing turnaround and growth strategy. The deal also illustrates how ABL can be structured to meet the specific needs of manufacturing and retail businesses. Addleshaw Goddard represented Leumi UK with a team composed by: Philippa McCarthy (team lead), Andrew Roszkowski (ABL), Kayleigh Brady (ABL) and George Bird (Property).
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