Apera Capital backs refinancing of LDC's Seabrook

LDC mandated Apera to provide facilities aggregating £23.5m to support Seabrook's growth strategy, including new investment in product development.

LDC's original acquisition in July 2015 was backed by a senior debt package arranged by Clydesdale and Yorkshire Bank. The deal was thought to be worth £35m, 13.5x the company's £2.6m EBIT from £27m in sales.

Company
Founded in 1945, Seabrook produces crinkle-cut, straight-cut and hand-cooked lattice crisps, as well as low-calorie snacks. The company is headquartered in Bradford, Yorkshire, and employs 150 people.

People
Apera Capital – David Wilmot (partner).
Seabrook Crisps – Daniel Woodwards (CEO).

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• Topics
• Refinancing
• UK / Ireland
• Consumer
• United Kingdom
• LDC
• Refinancing