INDEPENDENT brewer Hall & Woodhouse has received a £20m loan from M&G Investments as part of the fund’s effort to support mid-sized UK firms.
Hall & Woodhouse, a regional brewer and owner of over 200 public houses, has over 1,400 employees in the UK and is looking to use the 10-year investment to acquire and develop its estate.
“This innovative and market-leading transaction is one of the first non-bank, long-term financings in the regional brewing sector since the global financial crisis and reflects the strength of Hall & Woodhouse’s business,” said Deloitte debt advisory team partner Fenton Burgin, who advised Hall & Woodhouse on the deal.
Backed by the UK government, the Prudential and a number of UK pension funds, M&G’s UK Companies Financing Fund 2 is a £500m fund to support corporations with a turnover of £25m to £500m with loans.
M&G Investments head of direct lending James Pearce said, “Funds such as UK Companies Financing 2, open up substantial opportunities for established companies looking at expansive long-term plans, due to the financial foresight and planning benefits long term finance provides them with.”