K3 Capital Advisory structured a refinancing for Douglas Baker Plastics that enabled shareholders to realise partial value, retain a 25% equity stake and introduce an experienced chairman to support the next phase of growth. The transaction reshaped the balance sheet while providing fresh capital for the business to deploy.
Douglas Baker Plastics manufactures specialist plastic components for industrial customers, with a track record built over many years under the founding family's ownership. The shareholders were looking for a partial exit that recognised the value created, while keeping a meaningful stake in a business they believed had further growth to run.
K3 Capital Advisory structured the transaction to achieve both objectives. The refinancing introduced new senior debt, released capital to shareholders and brought in a seasoned chairman with sector experience. Retaining a 25% equity position for the founding shareholders aligned their interests with the new structure and kept their operational knowledge inside the business. The recapitalisation gave the company a cleaner balance sheet and the working capital headroom to pursue its next stage of growth.