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1 July 2026

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Addleshaw Goddard advises Leumi UK on £36m ABL facility supporting Portmeirion Group recapitalisation

Addleshaw Goddard has advised Leumi UK on the successful completion of a £36m asset-based lending (ABL) facility for Portmeirion Group, supporting the company’s recapitalisation and refinancing alongside an £18.6m equity raise.

The transaction delivers a strengthened balance sheet for Portmeirion Group and underpins the company’s ongoing turnaround and growth strategy.

This is another strong example of the team’s deep relationships with key ABL lenders such as Leumi, and reinforces our position as a go-to adviser in the mid-market ABL space. It also reflects our continued role in supporting clients through strategic refinancing and special situations.

Philippa McCarthy

Partner, Finance

Addleshaw Goddard

The deal is also a good illustration of how ABL can be structured to meet the specific needs of manufacturing and retail businesses.

The Addleshaw Goddard team was led by Philippa McCarthy, assisted by Andrew Roszkowski and Kayleigh Brady (ABL), and George Bird (Property).