EPE Special Opportunities Limited Investment (1502C)
07 Ottobre 2022 - 9:00AM
UK Regulatory
TIDMESO TIDMEO.P TIDMEC.P TIDMEL.P
RNS Number : 1502C
EPE Special Opportunities Limited
07 October 2022
EPE Special Opportunities Limited
Investment
EPE Special Opportunities Limited ("ESO" or the "Company") is
pleased to announce that ESO Investments 1 Limited (an undertaking
of ESO, in which it is the sole investor) ("ESO 1") has completed a
GBP2.0 million growth capital investment into Denzel's Limited
("Denzel's").
Denzel's is a fast-growing, healthy and sustainable premium dog
snacks brand. Denzel's products are made in the UK and Ireland
using entirely natural ingredients and 100% plastic-free
eco-friendly packaging.
Denzel's operates an omni-channel distribution strategy,
underpinned by listings in some of the UK's leading retailers
including Tesco, Sainsbury's, Asda, Wilko, SPAR and, most recently,
Waitrose, which launched the Denzel's range in October. Denzel's
launched its new website in late August ( www.denzels.co.uk ),
which is the flagship of its online channel, complemented by
listings on both Amazon and Ocado, allowing for direct-to-home
delivery of its products as well as subscriptions. In addition,
Denzel's products are available in a range of hospitality
locations, notably dog-friendly pubs and hotels across the UK,
providing dog owners with access to Denzel's for their dogs when
they are out and about. Denzel's products are currently stocked in
over two thousand locations in the UK.
Denzel's is part of the current cohort of the Tesco Incubator
Programme, which helps to accelerate best-in-class brands using
Tesco's retail infrastructure. Alumni brands include the premium
mixers brand Fever-Tree, performance nutrition brand Grenade and
the healthy food brand Deliciously Ella.
ESO intends to work closely with Denzel's to help deliver its
growth strategy, which is focused on the launch of new products,
notably high value and functional dog treats, as well as growth of
both offline and online distribution channels.
ESO 1's GBP2.0 million investment was part of a GBP3.0 million
growth capital raise by Denzel's, in which ESO 1 was the lead
investor.
ESO 1's investment in Denzel's was funded by cash reserves
advanced from ESO. Following the investment, ESO has available cash
of GBP21.8 million. The investment in Denzel's has no impact on the
Company's net asset value.
The investment in Denzel's is consistent with ESO's focus on
investing into small and medium sized enterprises ("SMEs"),
partnering with management teams to create value through long-term
business transformation.
About ESO
-- ESO is an AIM-quoted, private equity investment company,
whose objective is to provide long-term return on equity for its
shareholders by investing in SMEs.
-- ESO seeks to invest up to GBP30 million into companies with
strong fundamentals, including defensible competitive positioning
and high levels of cash generation, and aims to partner with
outstanding management teams to combine operational and financial
expertise in each investment.
-- ESO will consider most industry sectors, including consumer,
retail, manufacturing, financial services and the broader services
sectors, and can make direct investments, special situations
investments, primary and secondary fund investments and private
investments in public equities.
-- ESO's investment horizon is flexible, creating the
opportunity to maximise value via optimising exit timing,
compounding returns and re-investing behind successful management
teams.
The person responsible for releasing this information on behalf
of the Company is Amanda Robinson of Langham Hall Fund Management
(Jersey) Limited.
Enquiries:
EPIC Investment Partners LLP +44 (0) 207 269 8865
James Henderson
Langham Hall Fund Management (Jersey) +44 (0) 153 488 5200
Limited Amanda Robinson
Cardew Group Limited +44 (0) 207 930 0777
Richard Spiegelberg
Numis Securities Limited +44 (0) 207 260 1000
Nominated Advisor: Stuart Skinner
Corporate Broker: Charles Farquhar
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END
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