Our client is a Non-Alcoholic Drinks Brand that has firmly established its place in the premium spirits and mixer market. Already delivering £2m sales with growth rates of 60% per annum, funds were needed for working capital and continued expansion into markets around the world.
We were engaged to add investors to the pot, with the majority of funds already having been committed when we came in. We were delighted to have helped here, one of our investors making his first investment through BYC having been known to us for many years!
In the end the raise was oversubscribed by 30%, which to the confidence that surrounds this business and their management team.
Congratulations to client and investor, we wish you all the best with this project.
Nick Young comments…
It was a pleasure working with this client. Our job becomes easier when working with professional teams, with experience of building businesses and achieving exits. Such was the case here. The deck was professionally presented, existing shareholders were keen to participate in this round and the path for growth and business development is very clearly mapped out.
