AURELIUS Finance Company and ABN AMRO Commercial Finance deliver funding solution to Medina Group
AURELIUS Finance Company (“AFC”) has partnered with ABN AMRO Commercial Finance to deliver an innovative multi asset based funding solution to Medina Group (“Medina”) – one of the largest UK dairy companies.
Established in 1992, the family business has grown to be a national supplier of milk, dairy and other food products. Medina now delivers to over 8,000 locations and supplies fresh milk, bread and eggs to supermarkets, convenience stores, restaurants and caterers on a weekly basis.
Having rapidly expanded over the last few years and securing supply contracts with national supermarkets, Medina required lenders who were able to support their growth ambitions in terms of both debt quantum and flexibility.
Medina Group Financial Director, Ishfaq Ishaq said: “Our growth over the last few years meant that we outgrew our incumbent lender, the new funding provided by AFC and ABN AMRO gives us the platform to deliver the next phase of our growth strategy. It’s an exciting time for us and I am very much looking forward to working with AFC and ABN AMRO.”
Karun Dhir, Managing Director of AURELIUS Finance Company said: “We look forward to working with the management team and together in partnership with ABN AMRO to provide the company with the flexible and supportive capital needed to deliver its growth strategy.”
ABN AMRO Commercial Finance Director of ABL Structuring – International Clients, Richard Foote noted: “Combining our funding expertise and relationship driven approach, this innovative collaboration with AFC has enabled us to provide a bespoke solution to support Medina’s strategic growth ambitions.”