HCW plays key role in Real Good Food refinancing
HCW has played a key role in the ?40m refinancing of AIM-listed Real Good Food
Kent-based accountancy firm
Horwath
Clark Whitehill (HCW) has played a key role in the £40m refinancing of sugar
and confectionary group
Real Good Food.
The refinancing, which comes from KBC Business Capital, the specialist
asset-based lending division of Belgian banking group KBC Bank, will enable Real
Good Food redevelop its Renshaws trading business to produce new product ranges
and help the company provide a flexible structure leading up to changes in EU
rules on sugar.
HCW introduced KBC to the deal and led the transaction support. ‘We have had a
long-standing client relationship with Real Good Food and it was very satisfying
to see KBC completing the deal given the turmoil in the financial markets,’
Geert Struyven, a HCW partner, told the OnlyKent news site.
‘This deal illustrates that despite the credit crunch, there is still an
appetite from lenders, such as KBC, to back successful businesses with strong
management.’
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