Bond Dickinson has advised NorthEdge Capital on its investment in independent soft drinks company Clearly Drinks Group Limited.
Based in Sunderland, Clearly Drinks is a soft drinks manufacturer, bottler and distributor operating in the fast-growing flavoured spring water sector. The company specialises in sugar-free products with brands including Perfectly Clear, 1870 Mixers and Northumbria Spring, all of which are sourced from the firm’s on-site spring.
NorthEdge’s investment continues a period of strong activity for the firm in the North East region, following the recent AIM listing of Ramsdens Financial and the exchange of the sale of Fine Industries to Lianhetech.
The deal was led by NorthEdge’s John Rastrick, Partner, Tom Rowley, Investment Director and Nicola McQuaid, Investment Manager, and is the fourth investment from the £300m NorthEdge Capital Fund II.
Bond Dickinson advised NorthEdge Capital on its investment with a team led by Corporate Partner Simon Pilling (picture), alongside Managing Associate James Cook and Associate Catherine Willis.
NorthEdge was supported by Grant Thornton with a team led by Richard Goldsack, Chris Archer and Duncan Morpeth.
TLT corporate partner Andrew Webber, corporate associate James Webb and banking & finance partner Jon Stewart advised the Clearly Drinks management team, led by Finn O’Driscoll and Martin Thornton.