£154m AIM IPO of Fever-Tree Drinks plc

BDO.LiveSite.Deals.DealTypeCapital markets
BDO.LiveSite.Deals.IndustryRetail & Consumer

The BDO Transaction Services team has advised Fever-Tree Drinks plc on its AIM IPO and institutional placing. Fever-Tree was set up in 2005 by Charles Rolls and Tim Warrillow to offer quality tonic water, to match the UK’s artisan gin revival. The company has since launched nine other soft drinks and sells to over 50 countries, with around 70 per cent of its profits now coming from exports. The company was backed by LDC who acquired a 25% stake in the business in March 2013, which at the time valued Fever-Tree at £48m. With a placing price of 134p per share, on admission, Fever-Tree plc had a market capitalisation of £154m.          

"The BDO team provided an excellent service on our IPO. Chris Searle’s vast experience was of real comfort whilst the team we dealt with on a day to day basis got to grips with the business very quickly, were commercial and pragmatic in their approach (which was essential in such a fast moving process) and produced high quality reports with the minimum of fuss. In summary, they were a pleasure to work with".

Andy Branchflower, Finance Director Fever-Tree Drinks plc