WestLB is to manage the £143m (€227m) debt package for the Alchemy-backed management buyout of UK buildings manufacturer Anglia, the bank's first finance mandate for the UK private equity fund.

WestLB 's debt package is a combination of £85m worth of senior term loan, an £8m bridging loan and a standard £30m mezzanine facility, all for the acquisition. There is also a £20m revolving credit facility for working capital purposes.