Tuesday, 5 April 2011
Successful completion of A$40 million expansion capital finance for a private FMCG business
We are pleased to advise you of the completion of another transaction by the Wingate Capital Solutions team.
On Friday 1st April 2011 Wingate was involved in originating, structuring and negotiating the successful completion of A$40 million expansion capital finance for a private iconic Australian FMCG business. The highly profitable business holds leading market positions in Australia and has strong working relationships with all Australian grocery chains, food wholesalers and food service providers.
Franco Dogliotti, Head of Advisory at Wingate Group who led the transaction said, “This family owned business has grown significantly in recent years and faces a number of exciting future growth opportunities. Wingate was able to facilitate a partnership between our client and a major Australian financial institution to provide the required financial platform and growth capital to pursue their strategic goals.”
This transaction represents a great outcome for the long standing family owners of the business who remain controlling shareholders. The new partnership enables the family to optimise their ownership structure and refinance the business on considerably improved terms. Moreover, the new business partner will bring fresh insight and a proven track record of successful collaboration with leading management teams.
Richard Blumberg, Managing Director – Capital Solutions at Wingate Group, said “This transaction demonstrates our ability to successfully represent and assist a family owned Australian business to complete a complex structured transaction with a major Australian financial institution.”
The Wingate deal team for this transaction included Franco Dogliotti, Daniel Bergamin and Paul Nagy.
« Back to Market Updates