Hartlepool-based brewer and pub operator Camerons Brewery has agreed a refinance a new funding package with Sandton Capital Partners alongside Independent Growth Finance (IGF) to support Camerons’ growth strategy.
Sandton structured a financial package that includes the refinancing of the existing debt and the provision of new working capital. This is supporting Camerons Brewery’s plans to invest in the group, which consists of two business operations.
“Camerons Brewery has a long trading history with a strong profit and loss supported by an excellent management team,” Toby Bundy, investment manager at Sandton, said. “The team have exciting plans to grow their business and invest in their current pubs and expand their estate. We are delighted to support their ambitions and look forward to their continued expansion and development. It’s our priority to provide capital solutions to quality UK businesses in order to help them realise their ambitions and Sandton is pleased to be working with such an established brand in the North East.”
“The business has performed well despite the challenges that hit our industry in recent years. Thanks to the funding from Sandton and IGF, which includes a competitive refinancing and working capital solution, we are now well placed to take the business forward again,” Chris Soley, director and CEO at Camerons Brewery, said. “The teams share our vision and support our investment in the infrastructure and expansion of both sides of the business. Their investment demonstrates confidence in Camerons Brewery and recognises the financial strength of our business and our focused strategy for profitable growth. We’re excited for what is ahead, seeking to grow our position as a leading contract brewer and invest into our existing pubs and open new locations in new cities throughout the UK.”
“We are pleased to be partnering with Sandton, Camerons, Chris and his team,” Richard Spielbichler, director at IGF, said. “The collaborative approach and shared vision for future expansion and long-term sustainability are exciting for the business and the wider industry, we look forward to supporting the journey and next stage of growth.”
Advisors on the transaction include James Davison, Victoria Procter, Rob Russell, David Ampaw, Hannah Macintosh and Lydia Demnitz-King of DLA Piper; Natalie Barnes, Kieran Cummings, Jessica Streten and Anna Riley of Shoosmiths; and Kirsty Adamson , Patricia Grinyer and David Tabinor of Weightmans.
