Enotria&Coe receives “major investment” amid re-structure

By Jo Gilbert

Published: 02 October, 2017

Leading supplier Enotria & Coe has revealed it has undergone a major financial re-structure to allow more of its capital to be fed into its business operations and eliminate debt.

The new financial arrangement was made possible by an injection of funds from the company’s largest shareholder, Blue Gem LP, which acquired the company in 2012.

The undisclosed sum has allowed the company to strengthen its capital structure, eliminate term debt and has enabled the business to invest more of its resources enabling it to “grow in a challenging post-Brexit environment”, the company said.

The company as it is known today was formed when wine agency Enotria purchased premium spirits specialist Coe Vintners in 2015.

The acquisition was finalised and fully integrated in 2016.

Christensen, who has taken the company on transformative journey since he joined in 2014, commented: “Over the last three years the shape of the business has been completely transformed, and the structure of this new financing arrangement reflects our new business model, makes us one of the few wholesalers in the market with no term debt, and provides fuel for growth.”

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