TLT has advised the management team of Sunderland based Clearly Drinks Group Limited on an investment in the business by NorthEdge Capital.
TLT corporate partner Andrew Webber, corporate associate James Webb and banking & finance partner Jon Stewart advised the Clearly Drinks management team, led by Finn O’Driscoll and Martin Thornton.
Finn O'Driscoll, Chief Executive Officer at Clearly Drinks Group Limited said: "Andrew and his team were instrumental in supporting the management team during this important chapter in our development. Importantly, they focused on what mattered commercially to the Clearly Drinks business, giving clear guidance at every stage to ensure a successful outcome."
Andrew Webber, corporate partner at TLT commented: "This investment and the expertise on the board will enable the management team to make the most of the growing demand for healthier alternatives in the soft drinks market. We're looking forward to seeing Clearly Drinks develop new products and grasp opportunities in the market and it was a great deal for our team to support."
Clearly Drinks is a soft drinks manufacturer, bottler and distributor operating in the fast-growing flavoured spring water sector. The company specialises in sugar-free products, with brands including Perfectly Clear, 1870 Mixers, and Northumbria Spring, all of which are sourced from the firm’s on-site spring.
Based in Manchester and Leeds , NorthEdge Capital manages £540m of private equity funds. The firm focuses exclusively on Northern-based companies seeking equity investments to support MBOs, development capital and equity release. The senior team at NorthEdge has over 125 years’ experience in structuring and financing private equity transactions.
NorthEdge's John Rastrick and Nicola MdQuaid will join the Clearly Drinks Group board as non-executive directors, with Peter Cheung joining as chairman.