Clearwater International UK has advised Seabrook Crisps Ltd (Seabrook), backed by private equity firm LDC, on its €25.7m (£23.5m) refinance, with funding provided by Apera Capital.
Established in 1945, Seabrook produces a range of crinkle cut, straight cut and premium lattice crisps, at its headquarters in Bradford, Yorkshire. The company supplies over 20 million bags of crisps each month and has a strong position as the major challenger brand in the category in grocery retail, value retail and foodservice.
Pan-European mid-market private debt investor Apera, is providing unitranche facilities which will support Seabrook in continuing its growth strategy, including further investment in product development.
The Clearwater International team was led by Partner Mark Taylor, with support from Associate Director Lachlan Dorrity and Associate Mark Ward.
“Clearwater conducted a very professional process. The team has extensive knowledge of the debt market which gave us complete confidence throughout and we’re thrilled with the investment in our brand.”