Norrlandsfonden refinances Mackmyra

Current convertible debt amounting to a total of SEK 4.4m expires in January 2013 and will be replaced by a new convertible debt facility of the same amount maturing in January 2018.

Norrlandsfonden has provided the business with loans and convertible debt on several occasions since 2001, when Mackmyra first invested in large scale production.

In October 2011, venture capital firm Almi Invest, along with four private investors, injected SEK 22.6m into Mackmyra. Almi invested SEK 10m through the Almi Invest Norra Mellansverige fund.

Company
Founded in 1999, Mackmyra produces and sells malt whisky and whisky-related products through its brand Mackmyra, both in Sweden and internationally. The company is based in Stockholm.

Mackmyra won the European Spirits Producer award in the 2012 International Wine and Spirit Competition (IWSC). Mackmyra can be bought in Sweden, Norway, Denmark, Finland, the UK, France, the US and Canada.

It employs 58 staff and reported a SEK 5.8m EBITDA from a SEK 81.7m turnover in 2011.

People
Norrlandsfonden investment manager Per-Erik Persson worked on the deal. Magnus Dandadell is the founder and CEO of Mackmyra.

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