7th Oct 2022 13:24
(Alliance News) - EPE Special Opportunities Ltd on Friday said it has completed a GBP2.0 million growth capital investment into Denzel's Ltd, a sustainable dog snacks brand.
The Mauritius-based private equity company made the transaction through its undertaking, ESO Investments 1 Ltd, in which it is the sole investor.
Denzel's runs an omnichannel distribution strategy, with listing in some of the UK's leading retailers, including Tesco PLC, J Sainsbury PLC, Asda, Wilko, SPAR and Waitrose. Its products are currently stocked in over 2000 locations in the UK.
ESO 1's investment was part of a GBP3.0 million growth capital raise by Denzel's, and was funded by cash reserves advanced from ESO.
Following the investment, ESO has available cash of GBP21.8 million. The company said this had no impact on its own net asset value.
ESO said the investment was consistent with its focus on small and medium-sized enterprises, partnering with management teams "to create value through long-term business transformation".
ESO shares were trading 5.0% lower at 133.00 pence each in London on Friday afternoon.
By Holly Beveridge; [email protected]
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