Date:

DWF advises leading soft drinks company on sale of business

DWF has advised leading UK soft drink producer Clearly Drinks on its sale to private equity fund NorthEdge Capital that will support further plant, sales resources and product development.

NorthEdge Capital's investment in the drinks company follows the increasing popularity for low-calorie, sugar-free products ahead of the upcoming sugar tax, which experts predict will see a surge in demand as consumers move away from calorie-loaded products.

DWF's team was led by DWF Head of Corporate Frank Shephard with support from corporate associate Darren Ormsby and solicitor Francesca Kinsella.

DWF Head of Corporate Frank Shephard said: "The sale and investment in Clearly Drinks couldn't have come at a more important time as the food and drink industry is preparing for a big change when the sugar tax comes in to force. The transaction will help Clearly Drinks to strengthen its capacity and demonstrates DWF's ability to handle deals within the heavily-regulated sector. Our expertise in this area enables us to help our clients to adapt in an ever-evolving industry."

DWF's corporate team has been named one of the UK's top five most active M&A legal advisers based on deal volume across the North West, South East and Yorkshire regions in Experian's report for Q1 2017.

Frank Shephard

Partner - National Head of Corporate

I am Head of the National Corporate Team. I deal with all types of public and private company transactions, including M&A, Private Equity and Equity Capital Markets.

Darren Ormsby

Associate

I have a range of experience in a variety of corporate finance and private equity transactions, including MBOs and MBIs.