BGF and Lloyds insert $28m into Sertec

Feb 23, 2016 • Sam Shaw

The car parts producer has received $28.3m in capital from Business Growth Fund and long-term investor Lloyds Bank.

UK-based car component manufacturer Sertec Group Holdings has received £20m ($28.3m) in investment from the bank-backed British Growth Fund (BGF) and financial services firm Lloyds Bank.

Lloyds, which provided the capital through its Lloyds Bank Commercial Banking division, previously supplied Sertec with £20m in working capital in August 2015, having previously provided it with £38m up to March 2014.

Sertec manufactures more than three million aluminium and steel car parts each week using processes like presswork, tube manipulation, welding and…

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