Deals this week: Research Enhanced Design + Development (R.e.d.d), Pieminister, Aramark Corporation

Research Enhanced Design + Development (R.e.d.d) has secured a $1m investment to fund its product innovation and expansion plans.

The US-based food product manufacturer has raised the financing from Dan Nordstrom and Greg Hanson, who will join the board of directors according to the terms of the transaction.

Pieminister has secured a £1.4m ($2m) funding package from HSBC to finance its expansion plans of opening five new restaurants. The packaging will also be used to refinance the existing facilities in Manchester and Trentham, UK.

Pieminister is a UK producer of gourmet pies.

Aramark Corporation has announced plans to offer in private placement $500m worth of senior unsecured notes of ten-year maturity.

The notes to be issued by the food, facilities and uniform services provider will have an interest rate of 5.125% per annum.

The offering is part of the company’s efforts to raise $1bn through private placement. It plans to issue senior unsecured notes in two tranches to raise the investment. The net proceeds from the transaction will be used for debt repayment.

Brakebush Brothers has acquired a food processing plant and equipment in Wells, Minnesota, US, making it the company’s third processing facility.

The assets were owned by North Central Equity LLC.

Brakebush Brothers is a poultry processing company based in Westfield.

Yowie Group will offer 35.55 million shares at a price of A$0.90 ($0.65) a share in a private placement.

The Australia-based chocolate confectionery producer plans to raise A$32m ($23m approximately) through the offering to boost its business in the US.

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Image: Gourmet pie producer Pieminister plans on opening five new restaurants. Photo: courtesy of Petr Kratochvil via publicdomainpictures.net.