Cadman Capital Group has acquired Lake Street vineyard. No financial terms were disclosed. Savills brokered the deal while Howes Percival provided the legal counsel.
Northamptonshire, UK (28 February 2020), Cadman Capital Group, a multinational alternative investment firm, has successfully acquired the award-winning Lake Street vineyard. The acquisition was brokered by Savills, whilst Howes Percival managed the litigation of the deal.
Formally owned by Fox & Fox, Lake Street is situated on the Sussex High Weald, close to the historic village of Mayfield. Planted to classic Traditional Method grape varieties, Lake Street will continue to produce the finest English Sparkling Wine under its new ownership but will also extend its offering through the production of world class still wine in limited quantities.
The newly-acquired vineyard forms a core part of the Cadman Capital Group’s long-term strategy to participate within the English beverage market. The Lake Street acquisition is the first completed through Highweald Beverages, a portfolio company of the Cadman Capital Group.
Highweald Beverages intends to scale up production at the site to 300,000L per year and has plans to extend the winery and build a visitor’s centre.
“We’re extremely excited to welcome the Lake Street vineyard to our portfolio. Developing our market share within this rapidly-growing industry is of great importance as we operate at the forefront of the English beverage market. We are currently in the process of creating extensive plans to increase the output of the vineyard, making it a very exciting time for the business the growth of Highweald Beverages” said Robin Langton, General Manager of Highweald Beverages.
“The purchase of Lake Street supports our ongoing strategy to become a prominent, mid-market beverage company with strong and recognisable brands. The acquisition of Lake Street forms one component of a larger strategy as we continue to look for new sites and locations to meet our overall aspiration of 1,000,000L production capacity annually by the end of year five,” added Stephen Bayliss, Investment Director of the Cadman Capital Group.
About Cadman Capital Group
The Cadman Capital Group is an alternative investment firm that offers a client-focused business with a global reach and localized interests. Cadman Capital’s portfolio includes companies that are characterized by solid organic growth and shrewd expansionary investments. We operate in diverse sectors ranging from alternative asset investments in food and beverage, real estate, lifestyle and sustainability, targeting areas that we believe have the potential to offer long-term, sustainable growth. Cadman Capital is dedicated to ethical business practices and making a positive impact on the environment as well as a profit. Please visit us at www.cadmancapital.com.