DLA Piper has advised Gordon Brothers Europe (GBE) on its £1.2 million second lien term loan to Theo Fennell, a leading luxury jewellery retailer. The loan was provided in conjunction with a new senior facility from a UK-based lender.

Theo Fennell combines design and craftsmanship to create original, imaginative and unusual pieces sold through its own stores, concessions and selective retailers around the world. The loan will be used to support the working capital needs and future growth of the business.

The Manchester-based team was led by Restructuring partner Rob Russell, supported by Finance and Projects partner Joe Frew.

Eli Appelbaum, Managing Director, Investment & Finance at GBE said: “It’s great to be working with Theo Fennell and a UK-based lender on this transaction. Gordon Brothers has over 110 years’ experience and a deep understanding of asset values in the jewellery sector. This is a great example of leveraging our core competency to help businesses reach their full potential and Rob and his team have done a great job to ensure everything ran smoothly.”