Gateley advised Leicester-based Savoury & Sweet Limited, one of the UK’s largest manufacturers of popcorn and other health-related snacking products for blue chip brands and retailers, on a multi-million pound investment programme.
The funding package, from Permira Debt Managers and private equity house Beech Tree PE LLP, will enable Savoury & Sweet to invest heavily in both state of the art popcorn manufacturing equipment and research and development. The investment programme is key to support the rapid demand for popcorn and other healthy snacking products.
“The market for healthy snacking is growing at a rate of 38% per annum, with consumer demand showing no sign of slowing. This investment is great news and will enable us to deliver some fantastic new products in the coming months as we grow our footprint beyond the UK into Europe and other international markets.”John Harrison, Managing Director, Savoury & Sweet Limited.
The deal was led from our Nottingham office by Mark Rutherford Corporate, partner and supported by Anna Mayfield, Banking partner and Victoria Elliott, Corporate senior associate. Mazars and KPMG also advised.