Mixer specialist Fever-Tree hires FTI ahead of IPO

FTI Consulting has been appointed as the retained corporate and financial comms agency for Fever-Tree, the producer of premium soft drink mixers, as it prepares to make its stock market debut.

Fever-Tree: Founders Charles Rolls and Tim Warrillow plan expansion
Fever-Tree: Founders Charles Rolls and Tim Warrillow plan expansion

Fever-Tree shares will be traded on the Alternative Investment Market (AIM) for the first time on Friday (7 November). The company expects to raise around £93.3m through the listing, of which £4m will be for the benefit of the firm and the rest for the benefit of its selling shareholders.

FTI will provide financial and corporate comms advice, working alongside Fever-Tree’s consumer and trade agency Bacchus.

Fever-Tree currently exports to more than 50 countries and is targeting further expansion with the listing. About 70 per cent of the group's sales were derived from outside of the UK in 2013, with the key overseas markets being the US, Spain and Belgium.

Tim Warrillow, chief executive of Fever-Tree, said: "We are delighted to have received such strong demand despite the difficult market conditions.

"The book is very well covered with a significant number of blue chip investors, a recognition of the company's exciting international growth opportunities. We very much look forward to building on our market-leading position as a quoted company."

Fever-Tree was founded in 2005 by Warrillow and Charles Rolls and has benefited from the growth of premium spirits in recent years. The company supplies hotels, restaurants, bars and cafes as well as supermarkets and off-licences.

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