UNQUOTE

UK - Beringea invests £2m in MBO of The Vending Corporation

  • Sarah
  • LinkedIn  
  • Google plus  

Beringea has completed the management buyout of The Vending Corporation, a distributor of chilled beverage and snack vending machines. Beringea invested ТЃ2m through ProVen VCT and ProVen Growth & Income VCT, for a significant minority equity stake. The company was acquired from its private vendor. Debt finance for the transaction was provided by Nat West and RBS Invoice Finance.

Based in Witney, Oxfordshire, The Vending Corporation represents a number of vending machine manufacturers, in the UK and most of continental Europe. The Vending Corporation’s customer base includes many major retail brands and European vending operating companies.
  • LinkedIn  
  • Google plus  

More on Buyouts

Latest News