Clearwater has advised TLG Brands on its new multi-million euro funding line from PNC Business Credit, the UK asset-based lending specialist.
The company, which owns the Fiorelli, Modalu England and Nica accessories brands, employs 150 staff and is headquartered in London.
TLG is backed by private equity firm Synova Capital and has grown rapidly since Synova’s investment, doubling in turnover and growing its international sales four-fold.
The additional working capital and asset-based lending facilities from PNC were structured by Clearwater’s Debt Advisory team and will enable the business to take advantage of the strong demand for its brands both in the UK and internationally.
