Cadman Capital Group acquires 360 Degree Brewing Company
Award-winning East Sussex brewery is latest addition to firm’s growing beverage portfolio
Cadman Capital Group, a multinational alternative investment firm, has successfully acquired the award-winning 360 Degree Brewing Company. Howes Percival managed the legal process of the deal, which follows the Group’s earlier purchase of the Lake Street vineyard.
The newly-acquired brewery forms a core part of the Cadman Capital Group’s long-term strategy to participate within the UK beverage market. The 360 Degree Brewing Company acquisition is the second completed through Highweald Beverages, a portfolio company of the Cadman Capital Group.
Since its inception in 2013, the 360 Degree Brewing Company has seen substantial growth, benefitting greatly from the increased demand recently recognised within the English craft beer market. The brewery offers an extensive range of uniquely flavoured beers, including the award-winning Session IPA, which took home Gold in its class at the World Beer Awards 2019.
Highweald Beverages intends to keep business at the brewery operating as usual and will work alongside the brewing company’s experienced team to ensure the business continues to go from strength to strength.
“The purchase of 360° Brewing Company supports our ongoing strategy to become a prominent, mid-market beverage company with strong and recognisable brands. This subsequent acquisition is the next stage of a larger strategy as we continue to look for new sites and locations to meet our ambitious growth plans over the coming five years. Craft beer is a core component from which we will create value”, commented Stephen Bayliss, Investment Director of the Cadman Capital Group.
“Welcoming 360° Brewing Company to Highweald Beverages sees us branch out into another area of this rapidly-growing industry. 360° Brewing Company is an outstanding business with great operations, and we are excited to add it to our growing portfolio”, said Robin Langton, General Manager of Highweald Beverages.