Alltub is the global leader in the production of collapsible aluminum tubes, typically used to produce "squeezable" packaging for semi-liquid products. Alltub currently manufactures around 1.4 billion aluminum tubes annually, as well as cartridges and aerosol cans, for a blue chip customer base in the cosmetics, pharmaceuticals, industrial and food sectors.
We provided unitranche financing to Alltub in June 2015 on behalf of our clients. Our investment supports a broader refinancing of the company's capital structure and provides acquisition financing to support its expansion plans. The firm is considering further expansion into its current markets as well as into new territories such as Asia or South America.
Labeyrie Fine Foods
Founded over 60 years ago, Labeyrie Fine Foods is a leading European food producer focused on gourmet foods as well as gastronomic specialties and convenience food. Labeyrie has been a household name for French consumers for decades and is a market leader in the UK. It also enjoys longstanding relationships with some of the largest food retailers in Europe.
We acted as Mandated Lead Arranger in the junior debt financing of Labeyrie Fine Foods in June 2014 on behalf of our clients. The credit quality was reinforced by the company's strong brand and its geographical diversification with customers in more than 40 countries. We are now supporting Labeyrie in its next phase of growth.
Caffè Nero, the European coffee house chain, has more than 600 stores across five countries and employs over 4'000 staff across hundreds of towns and cities. Since the company was founded by Dr. Gerry Ford in 1997, it has shown impressive performance, recording year-on-year growth in every year since inception.
We acted as Mandated Lead Arranger and invested in the mezzanine debt refinancing of Caffè Nero in January 2014 on behalf of our clients. The credit quality was reinforced by Caffè Nero's strong brand, robust cash flow generation and track record of achieving sustained growth even during the downturn. We are currently supporting Dr. Gerry Ford and his team as they continue to successfully grow their business.
Busy Bees, the largest provider of childcare in the UK, owns and operates 238 nurseries across the country. In 2014, it decided to expand its operations into South East Asia with an ambition to extend quality childcare across the world. Alongside its UK business, it currently owns 52 nurseries in Singapore and 12 in Malaysia.
Mercury Pharma and Amdipharm
Mercury Pharma and Amdipharm are two UK-headquartered specialty healthcare firms involved in the marketing and sales of niche prescription off-patent drugs. Together, they offer a broad and well-diversified portfolio of mature pharmaceutical products.
We acted as a Mandated Lead Arranger in the mezzanine debt financing of Mercury Pharma and Amdipharm in November 2012 on behalf of our clients. The credit quality was reinforced by the companies' leading position in their core niche markets, their geographical diversification as well as strong cash flow generation.