Senior debt and working capital was provided by Yorkshire Bank.
The Staffordshire-based processor of industrial wastes into various metallurgical products is run by Miles and Ashley Brough. Within the context of increasing regulation and legislation, handling industrial waste has become a major issue for corporates worldwide. The Brough brothers have grown JBMI into a £30 million group, employing 60 people and with International links to Australia, India, Iceland and Germany.
Barclays Ventures was advised by TMG Corporate Finance. Phil Travis and Julian Casstles led the team who originated the deal between the respective parties and subsequently provided corporate finance advice.
Travis said: “JBMI operates in a niche sector, which is increasingly influenced by environmental legislation and is therefore ideally placed to continue its impressive growth record.”