Duke has announced a new royalty partner with a £6.2m financing agreement. Meteor HoldCo Ltd, trading as Fabrikat, is the largest independent provider of street lighting columns and guardrails in the UK. It is a classic Duke royalty partner given its longstanding track record of profitability, stable uncorrelated returns and use of funds to pursue an MBO. For Duke, it provides a low-risk royalty at an attractive rate, redeploying capital from recent exits into a new name with up to 30 years of p ....
16 Feb 2021
Cenkos: Duke Royalty Ltd -- A classic new royalty partner for Duke
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Cenkos: Duke Royalty Ltd -- A classic new royalty partner for Duke
Duke Capital Limited (DUKE:LON) | 33.5 0 0.0% | Mkt Cap: 139.2m
- Published:
16 Feb 2021 -
Author:
Cavendish Research -
Pages:
7
Duke has announced a new royalty partner with a £6.2m financing agreement. Meteor HoldCo Ltd, trading as Fabrikat, is the largest independent provider of street lighting columns and guardrails in the UK. It is a classic Duke royalty partner given its longstanding track record of profitability, stable uncorrelated returns and use of funds to pursue an MBO. For Duke, it provides a low-risk royalty at an attractive rate, redeploying capital from recent exits into a new name with up to 30 years of p ....