Arbuthnot Commercial ABL backs ESG Group’s acquisition of Euroview

Arbuthnot Commercial Asset Based Lending (ACABL) has provided a £3.65 million funding package to support ESG Group’s acquisition of insulated glass unit manufacturer Euroview AG Ltd, strengthening the combined group’s position in the UK commercial glass market.

The facility comprises receivables finance, a plant and machinery loan, and a Growth Guarantee Scheme revolving credit facility. Alongside supporting the acquisition, the funding provides additional headroom to support future growth plans.

The transaction brings together two established UK glass manufacturers, expanding the Group’s capabilities across the commercial construction sector. Euroview specialises in the manufacture of high-performance insulated glass units (IGUs), supplying double and triple-glazed sealed units for commercial projects nationwide.

ESG, an existing ACABL client, is one of the UK’s leading glass processors, producing toughened laminate, ballistic, acoustic, decorative and switchable glass products. The company has supplied major projects including the redevelopment of Battersea Power Station, Heathrow Airport, Google’s new London headquarters and jewellery retailer Goldsmiths.

ACABL worked closely with the ESG management team and private equity partner Connection Capital to structure the funding package and facilitate the acquisition.

The enlarged group aims to provide a fully integrated UK-based manufacturing solution for commercial glass projects, while increasing its ability to compete with larger European manufacturers.

Scott Sinden, CEO of ESG Group, said: “ESG appointed Arbuthnot last summer and we have been very impressed by their commercial outlook and positive approach. They are thorough, move swiftly and have a real ‘can-do’ attitude.

“They were a natural choice for Euroview and did not disappoint. They instinctively understood what was required and structured the facilities well for the business. We have set the stage to be the ‘go-to’ UK manufacturer for all internal and external glass requirements for every possible size of UK construction project.”

“It is always deeply rewarding to work closely with our clients to support step changes in their businesses. This is another example of great British businesses strengthening their competitive advantage on a larger stage and we are looking forward to supporting them in igniting even greater growth in the years to come.”