Addleshaw Goddard advises on Kingsland Drinks Group’s £65 million Barclays-backed funding
Addleshaw Goddard has advised Barclays Bank on the £65 million funding package for Kingsland Drinks Group, supporting the Manchester-based drinks specialist’s next phase of growth, innovation and expansion.
The financing provides enhanced working capital flexibility and underpins Kingsland’s strategic ambitions under managing director Sarah Baldwin, as the business continues to scale its operations across contract bottling and canning, product development, and sourcing and procurement for leading UK retailers and drinks brands.
Headquartered in Irlam, Greater Manchester, Kingsland Drinks Group is an employee-owned business with a heritage dating back to 1955. The company has evolved into a diversified, insights-led drinks partner, with a strong presence in branded and own-label wines, an expanding spirits offering, and a growing focus on the fast-developing no and low alcohol category.
The new facility follows Kingsland’s transition to employee ownership in 2021 and is expected to unlock further investment opportunities, supporting long-term sustainable growth and continued innovation across its product range.
Addleshaw Goddard advised on the financing alongside Barclays as lender, with RSM UK acting as adviser to Kingsland Drinks Group.
Philippa McCarthy, Legal Director at Addleshaw Goddard, commented:
“The funding provides the business with the flexibility to invest further in its capabilities, particularly in high-growth areas such as the no and low alcohol segment, while continuing to deliver for its retail and brand partners. It has been a pleasure to support Barclays on a transaction that positions the business strongly for its next phase of development.”
The Addleshaw Goddard team drew on its cross-practice expertise in asset-based lending and property to deliver the transaction, led by Philippa McCarthy with support from Kayleigh Brady and Dana McCann (all Asset Based Lending) and Kate Barry (Property)
This latest deal highlights Addleshaw Goddard’s strong track record advising on complex asset based lending transactions across the consumer and retail sectors, as well as its continued role supporting lenders and corporates on strategic funding transactions.
