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Done Deal: Ridgeview Estate Wines
A Fresh View
£5,000,000
Revolving Line of Credit
Wine Producer
Financing Event: Growth
PNC Deal Leader: Justin Edwards
The Company: Top 50
Coming in at No.36 in the Top 50 of the World’s Best Vineyards (The World’s Best Vineyards Academy), Sussex based Ridgeview Estate Winery (Ridgeview) is a family owned producer of English sparkling wines. Founded 25 years ago, Ridgeview yields a quarter of a million bottles annually which are sold right across the globe.
The Deal: Maturing Assets
Ridgeview needs to invest 3 years into the creation of its product. As the business has grown it has found that this critical factor confounds many types of business lending. A meeting with PNC set a new path that has revolutionised how the business manages working capital.
The Achievement: A Fresh View
In 2019, Ridgeview completed the build of a new winery and cellar. With production set to double by 2021, the new financial platform from PNC sets the scene for even greater brand development and expansion into new markets.
We discovered an enlightened and refreshing approach from PNC which made perfect sense for our business. Their team was upfront, open and honest, and totally focused on getting the best outcome for us.
Tamara Roberts | CEO, Ridgeview Estate Winery
Important Legal Disclosures & Information
*A portion of the funding provided by Steel City Capital Funding, a division of PNC Bank. Steel City Capital Funding provides Cash flow-based senior debt, junior secured and second lien loans for sponsored and non-sponsored transactions.
Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.
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