Wingate finances consumer play
Wingate Group’s Capital Solutions team has financed a $40 million expansion for a major consumer goods business.
Wingate negotiated with an unnamed financial institution to partner with the company and provide growth capital for the expansion. The owners of the business will remain controlling shareholders.
Wingate head of advisory Franco Dogliotti was responsible for the transaction.
The new partnership will enable the owners to refinance the business on considerably improved terms and optimise the ownership structure, according to Wingate.
The consumer goods business faced a number of future growth opportunities, Dogliotti said.
Wingate recently formed a joint venture with South African investment company Safika Holdings, Winsaf, with the new venture forming part of Wingate’s Capital Solutions division.
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