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Business & Economy

WilliamsAli supports The Lakes Distillery fundraise to aid future growth

A whisky maker is raising a glass after gaining financial backing to help expand its global presence.

The Lakes Distillery is being supported by lender Beechbrook Capital.

The spirits maker secured the cash thanks to help from Newcastle’s WilliamsAli Corporate Finance.

It comes as the business continues to increase single malt whisky production and ramp up exports to major global markets including the US, France and Japan.

David Robinson, The Lakes Distillery’s chief financial officer, said: “This is another important step in our ongoing growth plans as we continue to deliver our ambitious strategy and create award-winning products.

“We appreciate the dedication of the teams in managing a smooth process throughout and delivering a successful transaction.”

Abu Ali, managing director at WilliamsAli Corporate Finance, said: “It’s been a privilege to support such an iconic brand on its future growth.

“Being an independent and well-connected corporate finance boutique means we delivered this despite the challenging economic backdrop, while also raising significant funding from Beechbrook, who were fantastic to work with.

“This is testament to the strength of the brand, the tenacity of the North East deals market and our in-house technical expertise.”  

Legal advice on the deal was provided by Louise Duffy, partner at Newcastle-based law firm Muckle.

She added: “It has been great to work with David, his team, and the other advisors on the refinancing to help take the business to the next level.

“There are exciting times ahead for this innovative company.”