17 November 2022

Forsters advises McLaren Applied Limited on its Asset Based Lending (ABL) facilities.

Forsters has advised McLaren Applied Limited, which is known as a technology first supplier, notably to the motorsport industry in relation to its ABL and cashflow facilities with IGF.

In 2021, McLaren Applied Limited was bought as part of an MBO backed by longstanding Forsters client Greybull Capital who ran the management acquisition of McLaren Applied Limited.

This transaction highlights Forsters' expertise in advising borrowers on their ABL facilities which are becoming increasingly popular in the UK debt market.

Rowena Marshall and Maximilian Spies-Majewski, from the Forsters Banking & Finance team, alongside PwC’s Debt & Capital Advisory team acted as key advisors to McLaren.

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