No ejector seat to be seen as bank funds expansion of toymaker Corgi
16-Jan-2008 • Collecting
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Corgi is best known for producing the James Bond Aston Martin DB5 toy car, complete with ejector seat, as well as the Batmobile.
Bank of Ireland's Burdale Financial subsidiary fronted a near $40m debt and equity financing undertaken by the die-cast model firm.
The Bank of Ireland Corporate banking unit provided $30m of the funding, with the rest coming from shareholders and other institutions. Corgi International was formed in late 2006, when Corgi Classic merged with Master Replicas and Hong Kong-based Card Inc. It is now listed on the Nasdaq.
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