Deals this week: Northern Monk Brew, Royal Group, VitaCup

Northern Monk Brew has secured £0.82m ($1.17m) through crowd financing.

Based in the UK, Northern Monk is engaged in craft beer production.

The firm intends to use the funds to enhance the quality, efficiency and speed in operations through the purchase of eight 10,000l fermentation vessels and modern packaging equipment.

Royal Group has secured CNY500 million ($78.73m) through a public offering of notes.

The offering includes first tranche of medium-term notes, which will carry an interest rate of 7% a year and due 2021.

The proceeds from the offering are intended to be used by the company for debt structuring and working capital requirements.

VitaCup has secured funds from First Beverage Ventures, with the aim of progressing its product offerings with additional functional benefits.

First Beverage is a US-based venture capital and private equity company while VitaCup offers single-serving coffee and tea pods to consumers in the US.

VitaCup will use the funding for the development of its sales and marketing efforts across existing e-commerce channels and new retail channels.

Icelandic Glacial has entered a partnership with Coca-Cola European Partners (CCEP) to expand its distribution strategy in Iceland.

Icelandic Glacial is a bottled spring water brand with a low mineral content and alkaline pH.

CCEP is engaged in the production, distribution and marketing of ready-to-drink (RTD) non-alcoholic beverages.

The partnership will enable CCEP to distribute and sell the spring water brand across Iceland.

Ax Water has collaborated with value accelerator firm DRVN Partners to roll out its new rebranded products.

The company intends to launch rebranded products and its new website at the Natural Products Expo West in California, US.

The rebranded 16oz Aronia Berry range is offered in Lemon, Blackberry + Pear, and Black Tea flavours.

The partnership will also enhance Ax Water’s position, packaging, channel strategy, and operational processes.