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    HCW plays key role in Real Good Food refinancing

    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

    Author Date published September 25, 2008 Categories

    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.’

    Further reading:

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    the OnlyKent story

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