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Deals |
32 |
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DEAL ANNOUNCEMENT |
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Dow Schofield Watts LLP has advised on the management buy-out of the northern distributorship of North West based soft drink supplier, Cabana Drinks Limited funded by GE Commercial Finance |
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No. |
DATE COMPLETED | PRICE PAID | HOW SATISFIED |
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32 |
24 May 2006 |
n/d |
n/d |
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DESCRIPTION OF THE BUSINESS AND THE DEAL |
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Formed in 1967, Cabana is one of the largest independent distributors of dispensed soft drinks in the UK, and supplies pubs, clubs and other retail outlets across the country. Now boasting a comprehensive portfolio of branded and own label beverages, it is a highly regarded, and profitable, business within the industry. Cabana is part of Nichols Plc. Cabana’s MD, Terry Bates, together with his wife, agreed with Nichols to buy out the Northern distributorship of the company via a Newco called DJ Drink Solutions. Terry Bates has a successful track record in the industry and has run Cabana for the last seven years. He will employ the 21 existing staff under the new ‘DJ Drink Solutions’ brand. |
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ADVISORS |
ROLE |
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| Dow Schofield Watts LLP | Management – Financial Advisor | ||
| Cobbetts LLP | Management - Legal Advisor | ||
