Consumer: Thincat’s financing of Corinthian Brands
Armstrong has provided CDD support for Thincats financing of Corinthian Brands Limited (‘CBL’). CBL, one of the UK’s 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.
Armstrong provided CDD for Thincats, including market sizing for the UK RTD market, an analysis of the competitive and regulatory environment, and interviews with key wholesalers.
Dave Sherrington, Regional Head of Sales, London, ThinCats: “It was a pleasure to work with the team at Armstrong on the Corinthian deal, they were flexible and responsive, and helped deliver the funding in a timely manner. We look forward to working together again.”
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