For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240205:nRSE0227Ca&default-theme=true
RNS Number : 0227C North Atlantic Smlr Co Inv Tst PLC 05 February 2024
North Atlantic Smaller Companies Investment Trust PLC
("NASCIT")
NASCIT is pleased to announce an investment of approximately £26.6m ($33.7m)
in Crest Foods, comprising £17.9m ($22.7m) of equity and £8.7m ($11.0m) of
14.5% Senior Subordinated loans, at a leverage ratio of 2.4x EBITDA.
The principal business of Crest is the manufacture and sale of dairy
stabilisers (54% of sales), contract food packaging (38% of sales) and
outsourced packaged food product development (8% of sales).
Crest's customers include both branded and private label food companies.
Crest was acquired on a multiple of 6.5x trailing twelve months December 2023
EBITDA.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END PFUGCGDDDBGDGSU
Recent news on North Atlantic Smaller Companies Investment Trust