HMT advised the management of Braeforge Limited (“Braeforge”) on its recent development capital fundraising. Equity was secured from a consortium of investors from the dairy industry, and provided essential working capital to support the company’s continuing growth.
Braeforge is a leading UK based dairy producer and distributor across the south of England. The company has a network of seven distribution centres supplying a significant customer base of both residential and commercial consumers, delivering to over a hundred thousand doorsteps every morning.
The company has experienced significant growth in the last year; the proceeds from the fund raise will be used to build on that success as management continues to expand its UK sales force and product range to cement the company’s position as one of the UK’s foremost milk and dairy suppliers.
Michael Mitchell, Braeforge’s Finance Director commented:
“We engaged HMT to help us develop the Strategic direction of the business, working closely with the senior management team. HMT looked at various options and scenarios for developing the business and how this could be financed. The HMT team very quickly demonstrated an excellent understanding of what is a complex industry, and using their expertise they were able to facilitate a very positive and satisfactory solution for the Company and its financial stakeholders.”
Andrew Thomson commented:
“HMT are delighted to have assisted the management of Braeforge in their fund raising. The ability of the business to attract investment was a tribute to the strength of the management team and their vision for the business.”