Daily News: April 13, 2016

Gordon Brothers Provides $14.27MM Facility to Albermarle & Bond


Gordon Brothers Europe in conjunction with Gordon Brothers Finance Company provided a £10 million ($14.27 million) working capital facility to British pawnbroking business Albemarle & Bond.

Established in 1983, Albemarle & Bond operates 115 stores nationwide and provides a variety of services including gold buying, check cashing and pawnbroking. In 2015 the company was acquired by Asia Growth Capital, whose holdings include the Japanese pawnbroker Daikokuya.

Kohei Ogawa, president of Asia Growth Capital said “We are excited to be working with Gordon Brothers Europe and Gordon Brothers Finance Company. The sector and asset expertise of Gordon Brothers has allowed us to put together a flexible structure that enables the business to take the next step in our evolution.”

Eli Appelbaum, managing director of Investment and Finance for Gordon Brothers Europe commented, “We were pleased to support AGC following its acquisition of Albemarle & Bond. This is a great example of how the combination of asset expertise and ability to provide capital in non-standard circumstances can facilitate future expansion.”