The facility consists of invoice discounting as well as stock and plant and machinery finance. The funding ‘will greatly increase working capital facilities and mirrors the seasonal requirements of the business’, according to GE Capital.
Peter Cooke, CEO of Calypso, says the funding also offers headroom to expand the business further.
The opportunity was introduced to GE Capital by advisory firm Baker Tilly, whose corporate finance partner Ian Latham advised on the deal.
Founded in 1886 as a dairy, Calypso underwent a management buy-out in 2005 but remains a family-run business. Its brands include Aquajuice 67, Juice Shots and Jubbly.