Livingstone has advised Clearly Drinks Group Limited, an independent soft drinks company, on securing investment from NorthEdge Capital.
Based in Sunderland and with access to its own natural spring, Clearly Drinks is one of the UK’s leading independent soft drinks companies, manufacturing a range of well-established branded products as well as offering a diverse array of private label filling services. The Company has a very long history, originating in the North East almost 120 years ago under the name Fenwick and Sons.
The Perfectly Clear range is Clearly Drinks’ flagship brand and, with a 22 year history, is the original sugar free flavoured spring water brand. It has enjoyed significant growth in recent years supported by a positive market backdrop. The UK water drinks market grew by 8.6% to exceed 3 billion litres in 2015 and 7.9% CAGR is forecast over the next four years.
With a new, highly experienced CEO, Finn O’Driscoll, on board since February 2016, and further investment in facilities, the Company is primed for an exciting period of expansion in the coming years.
Martin Thornton, Founder and Shareholder of Clearly Drinks Group Limited, said: “I would like to thank Karen and Patrick at Livingstone for their hands-on guidance and support throughout the process, they added real value and guided us towards the successful conclusion of a transaction.”
Finn O’Driscoll, CEO at Clearly Drinks Group Limited, said: “CDL is at a very exciting stage of its development and we are delighted to be embarking on the next phase of growth with the support of NorthEdge Capital.”
Patrick Groarke, Partner at Livingstone added: “Clearly Drinks has an established position in a growing market with significant opportunity to develop its branded product offering and diversify its end markets. The Company has an exciting future ahead and we are confident that the team will go on to achieve great things.”