Pro Installer July 2014 - Issue 16 | Page 6

6 JULY 2014 PRO INSTALLER PRO NEWS www.proinstaller.co.uk Five Year Credit Facility To Synseal Proventus Capital Partners III has provided a 5-year GBP £46 million credit facility, including both a term loan and acquisition facility to Synseal Extrusions Ltd (“Synseal”). It will be used to refinance existing debt and to continue to fund the buy-to-build strategy. Synseal is the leading manufacturer of extruded PVC-U window and door profiles, sealed glass units and conservatory roofs, operating from three facilities in the Midlands. The firm has revenues in excess of GBP 100 million and employs more than 900 staff. It is owned by the mid-market private equity firm H.I.G. European Capital Partners LP (“H.I.G.”) and management, both with significant industrial experience and both of whom continue to support the company in its next phase of growth. “We are delighted to be working again with Proventus,” says Paul Canning, MD of H.I.G. European Capital Partners. “We believe it is the perfect partner to sit alongside and support H.I.G. and management’s plans to grow the business organically and through market consolidation.” David Leng, Synseal’s CEO, comments: “Proventus has delivered a flexible package that allows Synseal to Bond It completes international charity endeavour Bond It, one of the UK’s fastest growing manufacturers of sealants, silicones, tile adhesives, waterproofing compounds, polyurethanes and other building chemicals, has completed an impressive international charity endeavour. accelerate our organic and acquisitive growth.” email mark.s chlotel@ synseal.com Champion Tony Takes The Double! Swish-sponsored Tony Lloyd (AKA @shortarmgolfer) took the double by winning both the European and French Opens. Previously, Tony’s best placing had been 5th in any European Disabled Golf Association tour and he wasn’t expecting to win category 2 in the AA St. Omer, Open de France an EDGA PREMIER Series tournament – but he did by an amazing 12 shots - quickly followed by his winning the European title just two weeks later. “I knew I’d played well at the French Open,” said double Champion Tony who is sponsored by Swish Window and Doors Systems. “But I didn’t realise that I’d won until after the final hole. “It was a tough course. Last time I played it spanked me so to go back and get some redemption was brilliant!On the final day my opponent was my friend, Miroslav Lidinsky. He ended up second and it felt good standing on the podium with him.” Jon Skinner, joint MD of Swish Window and Door Systems, added: “This is a brilliant achievement. The whole team follow his progress and this is a superb result.” Twitter @shortarmgolfer Following months of hard work and a campaign which secured the support of people across the UK, the business has recently helped donate thousands of unwanted rugby league shirts to young people across Papua New Guinea (PNG). Papua New Guinea is a nation where there is extreme poverty and where around one third of the population lives on less than $1.25 per day. It’s also a country that’s passionate about rugby league and that’s given rise to an impressive number of world-class, world renowned stars. Bond It teamed up with one of these legends, Stanley Gene - who has captained the PNG national team and played for numerous teams in the UK including Hull KR, Huddersfield Giants, Bradford Bulls, Hull FC and Halifax RLFC - to arrange the donation. The company worked with Stanley’s charity, The Stanley Gene Foundation, which aims to help young Papua New Guineans create better futures for themselves through activities that include working with isolated communities to provide educational and sporting opportunities. The shirts were collected as part of a shirt amnesty set up by Bond It in 2013 following its decision to become a sponsor of the Huddersfield Giants. Under the initiative, supporters of the Giants were able to donate their old shirts and receive a £10 discount off the price of a new season shirt courtesy of the business. Word of the amnesty quickly spread and soon supporters of other teams from across the UK also began donating their old and unwanted shirts in order to benefit fellow rugby league fans in PNG. In total, some 2000+ shirts were collected and these have now been distributed along with a number of computers across ten schools and a number of villages in the PNG province of Simbu. Due to its rugged and mountainous terrain, this province has suffered more than most from slow economic progress. Commenting, David Moore, managing director at Bond It, said: “Bond It became a sponsor of the Huddersfield Giants in 2012 in order to boost the profile of our brand and as a show of support for the local community as a business based on the outskirts of Huddersfield. “Naturally, we wanted fans wearing the new season shirts featuring our logo and that of a number of Bond It products but this begged the question as to what to do with the old shirts? As a business with a socially responsible approach we wanted to see them being put to good use as opposed to simply discarded. After learning of Stanley’s charity through his connection to the Giants as former player, everything just fell into place. “We’re delighted the shirt amnesty has been so well supported and that the shirts have now arrived with their intended beneficiaries.” Stanley Gene adds: “On behalf of myself, everyone at the Stanley Gene Foundation and all those from the various schools and villages, I would like to thank Bond It for implementing the shirt amnesty and for contributing towards the shipping costs of getting these items to PNG. I’d also like to extend our gratitude to all those rugby league fans who got behind the campaign. The resultant donation has made a very real difference to thousands of people and brought a smile to thousands of faces.”