Rhino Products is a leading manufacturer of van accessories, and has two UK factories and further sites in the Netherlands, Poland and Sweden. The business produces a wide range of accessories for van users across the world, including roof racks, bars, ladder transportation systems, steps and door ladders.
The investment from LDC will provide a platform for the growth of Rhino's international business as well supporting its 'buy and build' strategy. LDC has committed to support Rhino with additional funding to further enhance its market share in the UK and internationally.
The DWF team that advised Rhino on the investment from LDC was led by partners Frank Shephard and Jonathan Robinson and solicitor Rebecca Gargary.
Jonathan said: "This investment presents a fantastic opportunity for Rhino Products to build on its already impressive international position and it's great to see successful businesses seeking growth opportunities in these uncertain times. We look forward to seeing Rhino deliver on its strategy over the coming years with the backing of LDC."
Rhino Products' CEO and co-founder, Steve Egerton said: "We are really pleased with the growth of the business over the last 17 years and proud of the brand and products we have developed. I would like to thank DWF for their commercially focused legal advice on this investment into our business. The support and guidance of the DWF team was very much appreciated."
Other advisors include GCA Altium, Grant Thornton, Hill Dickinson, CIL and KPMG.