Earlier this month one of BridgePoint Group’s valued clients TLBC Holdings Ltd (better known at The Little Brewing Company) passed the target level for its equity capital raising. TLBC, based in Port Macquarie on NSW’s North Coast, is the owner and manufacturer of two of Australia’s best and most awarded craft beer labels, Wicked Elf and Mad Abbot, which are stocked across Australia through a number of independent hotels, bottle shops, restaurants and bars, and are also through Dan Murphy’s and BWS.
The brewer needed to double its production capacity to keep up with significant growth in demand from both new and existing customers. BridgePoint Group’s Advisory and Consulting teams provided guidance to the Board and Management of TLBC in relation to the capital raising strategy and distribution of the offer. The BridgePoint Group network and contacts contributed approximately 50% of the total capital raised.
Kylie and Warwick Little, the co-founders and major shareholders of TLBC are thrilled to have passed the capital raising target and are excited about the future of the company. “BridgePoint Group played a significant role in attracting the investment required and we look forward to further association with the Group as we continue to grow”, Kylie said.
The Director of BridgePoint Group’s Advisory team, David Kells said: “This is an exciting day for The Little Brewing Company. The success of the capital raising reflects the quality of the product and the management team. It’s a real credit to them that the company is seen as such a good opportunity. They are clearly doing plenty of things right.”
BridgePoint Group’s Managing Director, Neil Parker added: “The team has enjoyed their involvement with The Little Brewing Company and we are all looking forward to a long and happy association with the business. It’s particularly pleasing because it provides further confirmation of BridgePoint Group’s ability to be a valuable ally to growing Australian businesses.”
For more about The Little Brewing Company visit www.thelittlebrewingcompany.com.au