Consumer
Pearl Distillery raised structured finance from a leading NBFC
About
Pearl Distillery
Background
We are pleased to announce that our client Pearl Distillery Limited (“Pearl”), has raised structured debt of INR 2,000 million from a leading NBFC.
Pearl will use the funds to repay its existing secured & unsecured loans, fund working capital and ongoing capex requirements.
Pearl is one of the largest fully integrated distilleries in India and has a licensed capacity of ~1 million cases per month. The company operates in Andhra Pradesh and is an exclusive bottler and franchisee partner of United Spirits Limited (USL).
Veda Corporate Advisors (“VedaCorp”) was the exclusive financial advisor to Pearl & its promoters in the transaction. VedaCorp provided comprehensive transaction advisory services, including deal structuring, diligence assistance, negotiation of agreements, leading to the successful closure of the transaction.
“Alcobev is a very challenging business vertical and VedaCorp stood by us in every step of the way patiently & successfully guiding us through identification/shortlisting of the lender, due diligence and finally closing the deal. Along the way they have contributed in our management processes. The trust we have developed with VedaCorp in the last one year was truly remarkable”
Shivkumar Reddy
Promoter, Pearl Distillery Limited
“With an agile management and fully integrated operations under its fold, PDL has been planning for future growth in the attractive Alcobev segment. This investment reflects the inherent strength of the group culminating into one of the largest structured debt transactions in the Distillery segment.”
Sivaraj Sekhar
Veda Corporate Advisors