Business Finance has supplied a £31million European cross-border funding package to the French based Lee Cooper Group, following its acquisition by the leading private investment firm, Sun Capital Partners LLP.

The Business Finance cross-border funding solution, which combined with the equity provided by the Investors, consists of invoice discounting, stock funding, trade finance, property and cash flow facilities. This Pan-European acquisition finance and working capital deal has allowed the Investors to acquire all the UK and French assets of Lee Cooper, including a Tunisian overseas factory. The management team, led by Ajay Khaitan, has over twenty years experience in the retail sector, specialising in business turnarounds in Europe, Asia, Africa and Australia.

Business Finance was able to demonstrate its pan-European capabilities and also able to provide a onestop approach to this particular challenge, which comprised a single financing agreement and funding source, administered from the UK. The financing package will now help place Lee Cooper in a more positive position for the future.