FDC Deal Shortlisted at the Northwest Rainmaker Awards

Frontier Development Capital (FDC) has had one of its deals shortlisted for Small Deal of the Year (Under £10m) at this year’s Northwest Rainmaker Awards. Alongside Shawbrook, Squire Patton Boggs, gunnercooke, DTE Corporate Finance, Hurst Corporate Finance, Bexley Beaumont and Gateley, FDC supported the acquisition of The Bury Black Pudding Company (BBP) by artisan food group Panicium.

FDC provided the financial backing to support the deal in December last year, with additional funding from Shawbrook Bank. The FDC team that supported the deal consisted of Ondrej Okeke and Kathryn Hoverd, and the funding has allowed Panicium to invest in further growth for BBP by introducing new product ranges, increasing its market share, and expanding customer relationships.

The Bury Black Pudding Company is an award-winning producer of black puddings, which started from a stall on Bury’s world-famous market and went on to supply their black pudding to supermarkets, food service companies, wholesalers, hotels, butchers, and restaurants across the UK.

Clive Broadhurst, Portfolio Director at FDC, said: “We are pleased that the Bury Black Pudding acquisition has been nominated for Small Deal of the Year at the Northwest Rainmakers. The acquisition of BBP allows both companies to thrive together and is a notable example of how FDC supports strong buy & build propositions.”

Part of Mercia Asset Management, FDC backs mid-market SME businesses across the UK with debt funding options up to £7.5m for a variety of transactions to support business growth.