ARES and FAALLON EYE control over IBMG manufacturers trader

Creditors to one of the largest networks in the UK by builders traders are inclined to take over the company against discussions with its private capital supporter on new financing requirements.

Sky News has learned that Ares Management Corporation and Faralon Capital Europe, two major investment companies, could move to take over the property of independent Merchant Group (IBMG) builders.

Sources of the city stated on Tuesday that an ARAS AGAIN for ARES and FAALLON would take IBMG would probably be implemented by restructuring the company’s debt, rather than by any form of insolvency event.

Money Blog: Oil price collapses as Saudi and Russia

Interpath Advisory works with IBMG on this process, according to sources.

IBMG was founded with financial support from Cairngorm Capital, a private capital company, in 2018, and has since grown through over 20 purchases.

According to Cairngorm’s web site – where IBMG is listed as an “investment made”, about which a company spokesman said he is “in error” – IBMG now has over 170 branches in the south of England.

It hires over 2,000 people and has registered revenues of approximately 650 million pounds in its latest financial year.

IBMG works through several divisions, including sanitary and heating, roofs and timber processing and distribution.

The company announced in April 2024 that it had secured a new capital from Ares and Farallon, but said at that time that it will be “the continuous support of Cairngorm Capital”.

Cairngorm Capital said: “Interpath was appointed by IBMG shareholders to work at the initiatives to reduce the appropriate costs, necessary by the difficult environment in which IBMG operates.

“Cairngorm Capital remains a majority shareholder, although it has made some of its investments.”

Ares, Farallon and Interpath refused to comment.