ThinCats sparkles with MBO funding package for North Yorkshire based drinks manufacturer
Corinthian Brands (CBL) 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 Limited and its subsidiaries, by leading alternative finance provider for mid-sized SMEs, ThinCats.
St Helier Beverage Company is the parent company of Corinthian Brands, with flagship alcoholic drinks brand Dragon Soop, HCC Cider, Lamcello ‘Posh Perry’, St. Helier sparkling fruit beverages and Old Style Ginger Beer. Corinthian Brand drinks are sold through many high street supermarkets as well as a range of wholesale and independent stores.
Joint MDs, John Hibberd and Paul Burton, founded the business in 2011 and management have been planning for an MBO, advised by Andrew Barnsley at Adam Street Advisers, London based corporate advisory boutique, who introduced ThinCats.
Paul Burton, Corinthian Brands “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.”
Andrew Barnsley, managing partner, Adam Street Advisers: “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, London, ThinCats: “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.”