Lakes Distillery has secured more funding to help it expand.
It worked with specialist corporate finance boutique WilliamsAli to get the backing from lender Beechbrook Capital.
It has not been disclosed how much funding has been put forward.
The Lakes Distillery, at Setmurthy, has secured the funding as it increases production of single malt whisky and is beginning to export the brand to the USA, France, and Japan.
Newcastle advisors played a leading role in securing and negotiating the transaction, led by award-winning dealmaker Abu Ali at WilliamsAli Corporate Finance. Legal advice was provided by Louise Duffy at Muckle LLP.
David Robinson, chief financial officer at The Lakes Distillery, said: “This is another important step in our ongoing growth plans as we continue to deliver our ambitious strategy and create award-winning products.
“We have received terrific support from Beechbrook who took such a positive approach to the deal together with the teams at WIlliamsAli and Muckle, who helped us navigate and negotiate the fundraising. We appreciate the dedication of the teams in managing a smooth process throughout and delivering a successful transaction.”
Jon Petty, investment director at Beechbrook Capital, said: “We are delighted to be supporting The Lakes Distillery having worked with the team closely to build a bespoke debt package that fits with the company’s growth ambitions.
“We look forward to working with David and the rest of the team at The Lakes Distillery as they continue on their exciting journey to take their award-winning products into overseas markets.”
