GE Capital to provide £2.5m package to Brown & Newirth
GE Capital will provide a £2.5m financing facility to Hertfordshire based jewellers Brown & Newirth, to support the company’s future growth plans.
Following a management buyout in February 2012, the company has identified significant future growth potential. GE Capital, a commercial finance provider, will provide a finance package worth £2.5m, which will be used to provide working capital that will allow the designer, manufacturer and supplier of hand-made wedding, engagement and eternity rings to develop its plans for growth.
Brown & Newirth sales director John Ball said: “To support our growth plans, we needed a partner who understood the potential of our business. GE Capital took the time to understand that potential and worked with us to find a solution that met all of our needs.”
GE Capital is also pleased to be working with the jeweller. GE Capital UK regional director John Savage said: “The working capital that we can provide will help the company achieve its true growth potential and reinforce its position as a leading British jewellery brand.”