Done Deal: Hattingley Valley Wines

The Perfect Pick

 


 

 

£7,500,000

Revolving Line of Credit

Wine Producer

Financing Event: Growth
PNC Deal Leader: Jason Zillwood

The Company: Hants Fizz

Over the last 10 years Hattingley Valley Wines (Hattingley) has grown to become a multi award winning producer of English quality sparkling wines. This family owned business creates traditional method sparkling wines made from grapes grown on the chalk soils at its vineyard in East Hampshire and from across the South East.

The Deal: Getting It Right for the Long Term

The business, which supplies nationally via major supermarkets, the wine trade and direct, as well as exporting to over 16 countries, had spent some time looking for the right funding solution to support growing production and the associated maturation requirements.

The Achievement: The Perfect Pick

After many discussions with many potential funders, PNC led the pack and produced a facility bespoked to Hattingley’s requirements. With the funding in place to substantially grow production, Hattingley is set to extend both its award shelf and its share of shelf.

We had spent several years trying to find the right funding solution for the business. However, none of the funders we had spoken to could get past the post. Then we were introduced to the PNC team via our UK distributor. They impressed us from the very outset with their detailed up-front groundwork and research. This, combined with their insight into the drinks industry, delivered a swift and totally tailored solution designed to support the business for many years to come. Plus, they got everything done during the time when we are all completely focused on harvest, which was impressive.

Bruce Green | Finance Director, Hattingley Valley Wines

Important Legal Disclosures & Information

*A portion of the funding provided by Steel City Capital Funding, a division of PNC Bank. Steel City Capital Funding provides Cash flow-based senior debt, junior secured and second lien loans for sponsored and non-sponsored transactions. 

Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.

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