Independent drinks manufacturer toasts MBO
Corinthian Brands Limited, one the UK’s leading independent drinks manufacturers, has been supported with an eight-figure funding package for the MBO of St Helier Beverage Company Jersey and its subsidiaries, by leading alternative finance provider for mid-sized SMEs, ThinCats.
St Helier Beverage Company is the parent company of Knaresborough-based Corinthian Brands, with flagship alcoholic drinks brand Dragon Soop, HCC Cider, Lamcello ‘Posh Perry’, St. Helier sparkling fruit beverages and Old Style Ginger Beer.
Joint MDs, John Hibberd and Paul Burton, founded the business in 2011 and management has been planning for an MBO to support the firms future growth, before being introduced to ThinkCats by Andrew Barnsley at Adam Street Advisers.
Burton said: “Our senior management team’s wealth of experience in the drinks industry has led to an impressive product portfolio, which we are constantly evolving and developing. This funding package will allow us to further boost our plans and enable us to bring more new and innovative products to our customers.”
Barnsley the managing partner at Adam Street Advisers added: “We have supported John and Paul on three transactions over 12 years. The recent MBO enables the business to go forward with a new generation of managers supported with a funding package from a highly innovative, alternative funding provider.”
Dave Sherrington, regional head of sales ThinCats said: “John and Paul are a force to be reckoned with, having a phenomenal sixty years of knowledge and experience of the drinks industry between them. Their plans for the future of the business are impressive, and we have no doubt that this funding will launch the business into another successful phase.”
