UK: Fever-Tree owners to sell stake to private equity group - report
A private equity firm is expected to take a stake in Fever-Tree, reports suggest
The owners of Fever-Tree are set to pocket “tens of millions of pounds” by selling a stake in the business to a private equity group, according to reports.
Charles Rolls and Tim Warrillow, the London-headquartered company's founders, are close to agreeing a deal with LDC, a private equity house backed by Lloyds Banking Group, the Sunday Times reported yesterday (10 March). The two owners are expected to offload a “chunk” of stock, but remain investors, it was reported.
A Fever-Tree spokesperson told just-drinks today that a press release was being issued in “the next few days”, but declined to comment further.
Fever-Tree's core product is tonic water, but its range also includes ginger ale.
The company was set up in 2005 and now exports its products to 35 markets. Last August it appointed its first international sales and marketing manger to further target overseas growth.
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