On 1 October 2011, our client, UGC Limited completed the sale of a controlling stake in Unipart Automotive Limited to H2 Equity Partners, and the refinancing of its existing Asset Based Lending facility with Lloyds and Burdale. UAL is the UK's largest independent supplier of car parts, workshop consumables and garage equipment.

Canaccord Genuity was appointed to advise the Group on strategic options in relation to UAL and the subsequent refinancing.