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Mumbles Convenience

COMPLETED |
May 2021

Acquisition and growth capital to fund the ownership and development of UK freehold petrol filling stations and standalone convenience stores.

Trevally Capital Ltd, in conjunction with finance arranged by Trevally Capital Advisers Ltd, is pleased to announce that the funding it arranged for Mumbles Petrol & Convenience Holdings Ltd (‘Mumbles’), a developer and owner of UK freehold petrol filling stations (‘PFS’) and standalone convenience stores, has now been successfully exited.

Funding arranged by Trevally Capital Advisers Ltd, in conjunction with funds provided by Trevally Capital Ltd, previously entered into a £10,500,000 growth capital financing commitment with Mumbles to successfully finance the acquisition and redevelopment of 3 petrol forecourts and accompanying convenience retail outlets. Mumbles, founded by Simon Arber and Dominic David, acquires existing trading PFS and convenience stores, redevelops the sites from the ground up and leases them to nationally recognised retailers such as Co-op and BP/M&S.

Convenience stores have been one of the fastest growing areas of UK retail, demonstrating robust like-for-like growth throughout 2020 and 2021 despite lockdown restrictions. With their expanded retail footprint and brand-new infrastructure, Mumbles’ sites are designed to serve both the convenience shopper and motorist alike with a broad range of facilities, such as electric charging points, click & collect, car valeting, food-to-go and premium branded groceries.