Hamilton Locke is pleased to have acted for ASX listed Halo Food Co. Limited (Halo Food Co), an Australian and New Zealand based brand owner, manufacturer and exporter of formulated dairy and non-dairy nutritional products and health and wellness brands, on its senior secured loan facility and warrant issuance to Arrowpoint Capital.
Alongside fresh equity from a successful capital raise, the Arrowpoint facility was key to financing Halo Food Co’s acquisition of health and wellness business, The Healthy Mummy, to complement its existing portfolio of health and nutrition brands. The Healthy Mummy is an eCommerce-based business, selling products and subscription weight loss content to the pregnant or breastfeeding mothers market segment.
The funding was also used by Halo Food Co to refinance its existing debt facility and fund working capital for the business to support its continuing growth.
Commenting on the transaction, Zina Edwards said: “This was a strategic and transformational acquisition for the Halo Food Co business and, together with the Neu Capital team, we were delighted to assist on the financing aspects of this transaction. We look forward to supporting Halo Food Co on its continued growth journey”.
The Hamilton Locke team was led by partner Zina Edwards, senior associate Monty Loughlin and lawyer Mai Dang, with partner Guy Sanderson advising on warrant structuring, and Neu Capital acting as debt advisors to Halo Food Co.
For more information, please contact Partner and Finance Practice Lead, Zina Edwards, Partner, Guy Sanderson, Senior Associate, Monty Loughlin and Lawyer, Mai Dang.