Karro Food Group secures finance for expansionPrint news article
A multi-disciplinary team from Walker Morris has advised Karro Food Group, one of the leading suppliers of British pork into the retail, trade and foodservice industries, on its £74 million funding package from GE Capital and RBS Invoice Finance.
The funding package will enable Karro to build on its recently announced £10m capital investment programme to support Karro’s UK and international expansion strategy.
Over the last two years, Karro Food Group has seen its profitability increase by more than £20m and work has recently started on an £8m industry leading investment at its largest facility in Northern Ireland.
A team of finance and real estate specialists from Walker Morris advised Karro and its private equity investor Endless LLP. The team was led by Michael Taylor with support from Andrew McLean (from the Firm’s Finance Commercial Group) with Judith Pike (Real Estate).
Di Walker, Executive Chair of Karro Food Group, said:
“The funding package from GE Capital and RBS Invoice Finance will increase our financial fire power and inject further momentum into our expansion and acquisition plans both in the UK and internationally.
Over the last few years Karro has transformed from an internally operationally focussed business to one that is now focussed on future growth. This will be further evidenced by our latest accounts, to be announced over the coming weeks, which are set to show a significant underlying improvement in the profitability of the business.”