date:Mar 14, 2013
Fever-Tree, a UK-based producer of tonic water and mixer brands, has sold its 49% stake to private equity group Lloyds Development Capital (LDC) for 48m to drive growth in countries all across the world with emphasis on Spain, the UK and the US.
In the last three years, Free-Tree has reported average annual revenue growth of 60%. It further expects to report growth of 25% in the UK and Spain, and over 50% in the US in the next three years, as Spain and the US serve as largest markets for tonic