SEG plc role completed following successful re-banking

In 2009 WayPoint Change partners Nick Winks and Paul Herbert were asked by the Group’s banker, Lloyds Banking Group, to help this AIM listed engineering business.

Nick Winks joined the company’s main board and Paul Herbert joined the board of the main operating company. In 2011, after resigning their board positions, Nick and Paul were appointed by LBG to be the banks advisers on S.E.G.  The company successfully raised fresh equity in 2010 and 2011 and was able to secure additional funding from a major shareholder in 2012. This last restructure enabled LBG to be repaid their debt in full in August 2012.

Comments are closed.