BDO appoints ABL Director

BDO’s Midlands office has announced the has appointed a senior corporate finance specialist to head up its new asset-based lending (ABL) advisory service.

Drew Johnson joins as Director from PNC Business Credit, where he worked as a Business Development Director, originating, structuring and executing SME, mid-market ABL transactions, ranging from £1m to £150m. He has 20 years of corporate finance and banking experience.

Johnson will take on a national role sitting across corporate finance, debt advisory and business restructuring. He will be responsible for advising UK mid-market corporates on accessing ABL debt and refinancing to help facilitate M&As, MBOs, MBIs, recapitalisation, restructuring and growth.

Richard Rose, Partner and Head of BDO in the Midlands, said”Drew brings an incredible amount of ABL expertise to the firm and will play an important role in helping to shape our new ABL Advisory service into a successful advisory offering.”

“With significant experience sitting bank-side winning, structuring and executing large ABL deals, Drew will be perfectly placed to help clients navigate the raft of alternative lenders and structures available in the market and advise them through the process, to ensure they have the most appropriate solution that’s right for their business.”