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Investec provides GBP25m debt finance facility for BlueGem-backed MBO of Enotria

Investec Growth & Acquisition Finance has provided a GBP25m debt facility to support the buy-out of Enotria Group, a trade wine importer and distributor, led by chief executive Alison Levett and backed by BlueGem Capital Partners.

Enotria was originally founded in 1972 by Remo Nardone and further enhanced by the acquisitions of Wheeler Cellars in 2008 and Great Western Wine in 2010.

Headquartered in West London, the group’s wine portfolio is sourced worldwide directly from vineyards. Enotria employs 181 staff and in 2011 generated over GBP100m in sales.
Enotria will be acquired by BlueGem alongside its management team. BlueGem is an independent London based private equity fund that invests in mid-market companies.
Investec provided a blend of amortising and revolving debt, delivering funding for the MBO and group refinancing while also providing a framework to support working capital, investment and acquisitions.
Tristan Nagler (pictured) of Investec says: “We are delighted to support the Enotria management team and BlueGem Capital Partners on their acquisition of the Business. We strongly support their ambitious plans for growth and acquisition. Our financial support coupled with BlueGem’s experience in the distribution sector and the passion and expertise of the Enotria management will provide a potent combination.
“Entrepreneurial management teams increasingly value the innovative combination of amortising and revolving debt structures to support their plans. We are strong supporters of entrepreneurs and believe that, in the short term, an increasing number of mid-market companies will require innovative funding structures. During the last 12 months we have completed a number of financings for mid-market companies in the GBP5m to GBP50m range.”

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