Exception secures investment for growth

摘要

Exception, the leading UK electronics contract manufacturer, is confident about its future growth prospects, following the refinancing of the business. The deal, which completed on 30 June, was led by CEO Craig Wright and Exception's Senior Management, and was backed by Lloyds Banking Group. The deal secures new facilities and reduces the legacy balance sheet debt of Exception by ￡12.7 m, enabling the company to forge ahead with its growth strategy. The business is aiming to increase its annual turnover from a low point last year of ￡45 m-70 m over the next two to three years, based on its proven ability to offer best-in-class electronics manufacturing solutions to specialist industrial markets such as medical devices, energy, aerospace, process control, and transportation and communications.