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17th June 2019

Palamon sells leather accessories brand, Il Bisonte, for €100 million

Palamon Capital Partners, a European growth buyout private equity firm, has signed an agreement to sell Il Bisonte to Tokyo Stock exchange-listed fashion distribution specialist, Look Holdings Inc.  The transaction will value Il Bisonte at an Enterprise Value of €100 million, 3 times the entry price paid by Palamon, producing a 26% Gross IRR for Palamon European Equity III.

13th June 2019

Ashfords advises Ocado’s £17m investment into vertical farming

Ocado has announced a £17 million investment into the vertical farming industry, including an investment into Jones Food, Europe’s largest vertical farm. The investment into Jones Food, represents one of the largest investments into a UK agritech company so far this year. Law firm, Ashfords, advised Guinness Asset Management, the majority shareholder of Jones Food, in the transaction.

6th June 2019

Riverside's latest investment sparkles

The Riverside Company has acquired La Galvanina S.p.A, a fourth generation, family-owned, Italian producer of premium private label and branded mineral water and traditional and organic soft drinks. Galvanina sells its products to a global customer base comprised of leading retailers, department stores and wholesalers in more than 35 countries, with the U.S., Italy and Canada representing its largest markets in 2018.

6th June 2019

Groovy UK receives £250,000 from MEIF Maven Debt Finance

Groovy UK Limited, a wholesale and giftware business, has received a £250,000 loan facility from the Midlands Engine Investment Fund (MEIF), managed by Maven Capital Partners.

The business is a developer, wholesaler and distributer of giftware products and will use the funding to accelerate the company’s growth plans and invest in its product portfolio and licensing agreements. 

Groovy sources and designs hard-to-get giftware products and supply them to major high street and online retailers. With experience in both designing and manufacturing a mix of original products, Groovy’s clients include the likes of Argos and Harrods. 

4th June 2019

Product Guru’s ‘Tinder for retailers and suppliers’ platform raises £300,000

Product Guru, an online platform described as ‘Tinder for retail buyers and product suppliers’, has secured a £300,000 investment.

The Scottish company has received financial backing from Asia-based retail technology investor Belmond Capital, Scottish retailer Scotmid and Scottish Enterprise.

Buyers from high street retailers including John Lewis, Tesco and TK Maxx have already signed up to use the technology platform, which allows their buyers to find new products for their shelves.

29th May 2019

NPIF - Maven leads £500,000 in Handsome

 

Maven Capital Partners, has led a £500,000 investment in back & posture care product specialist, Handsome Limited. A total of £250,000 was invested by NPIF – Maven Equity Finance, managed by Maven and part of the Northern Powerhouse Investment Fund, and £250,000 provided by the GMC Fund, along with the company’s lead China manufacturing partner.. The funding will allow the company to execute its ambitious marketing strategy to expand overseas, invest in product development and will create five new jobs in the region.

 

22nd May 2019

On-demand removals marketplace Shift secures £1.3m from Fuel Ventures

An on-demand removals marketplace aiming to bring on-demand technology to the removals and deliveries sector has secured investment from leading London-based VC fund, Fuel Ventures.

13th May 2019

Oxford Capital leads £6.5m funding in ecommerce start up Weengs

Weengs, a smart logistics startup that partners with ecommerce businesses to get online orders to their customers reliably and efficiently, has secured £6.5m in Series A funding. The investment round was led by venture capital firm Oxford Capital and was followed on by Weeng’s seed investors who include Local Globe, Cherry Ventures and Venture Friends. Weengs is using the funding to invest heavily in automation and technology to supercharge their operations to be able to fulfil more than 15,000 ecommerce orders per day.

9th May 2019

Development Bank of Wales invests in Neil's Fish and Chip Shop

It’s been serving the community of St Clears with traditional, tasty fish and chips for more than 50 years.  And now Neil’s Fish and Chip shop has new owners Ricky and Hanna Jones who, thanks to a loan from Development Bank of Wales, will continue to ensure that the locals and tourists can enjoy top quality fish and chips.

9th May 2019

Skin care business Toddle takes first steps with angel backing

An adventure skin care start-up Toddle, based in Wrexham, will be launching its child-friendly skin care products this summer following a £200,000 equity investment.

Toddle, which is the brainchild of former RAF officer Hannah Saunders, has secured £150,000 through Angels Invest Wales, the business angel network launched by the Development Bank of Wales last year.

The remaining £50,000 came after Toddle won ‘Pitch of the Day’ at Pitch It Wales, a Dragons’ Den style competition run in partnership between Inspire Wales and BeTheSpark.

24th April 2019

Mexican wave powers Burrito Bond 2 offer to £3.7m at close

Award-winning Mexican quick-service chain Chilango is celebrating one of the most popular alternative investment offers of recent times.  The firm’s Burrito Bond 2TM, launched in October, quickly smashed its initial £1m target, with over £3.7m invested as the offer closed last Friday; this comfortably surpasses the £2.1m raised by the original Burrito Bond in 2014.

24th April 2019

Chelverton commits more funding to Velovixen

Chelverton Asset Management Limited, a specialist investor in sub-FTSE 100 quoted equities and unquoted SMEs, has confirmed a further investment in VeloVixen, the UK’s leading online retailer of and premier site for female-specific cycling apparel and accessories; VeloVixen has become the ‘go-to’ destination for the latest news, views, hints and tips for female cycling enthusiasts.

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