CFCP Capital for Colleagues plc

 
TIDMCFCP 
 
Capital for Colleagues plc / EPIC: CFCP / Market: Aquis / Sector: Financials 
 
21 December 2023 
 
CAPITAL FOR COLLEAGUES PLC 
 
(`Capital for Colleagues', `C4C' or the `Company') 
 
INVESTMENT IN RAPID RETAIL LIMITED 
 
Capital for Colleagues, the investment vehicle focused on opportunities in the 
Employee Owned Business (`EOB') sector, is pleased to announce that the Company 
has led a £1.5 million investment round into a new investee company, Rapid 
Retail Limited (`Rapid Retail' or `RRL'). 
 
Established in 2007 and based in the West Midlands, Rapid Retail designs, sells, 
refurbishes and rents portable shops, retail kiosks and retail merchandising 
units (RMUs). These products are typically used at sporting and entertainment 
venues to augment existing merchandise, food and beverage sales. RRL's clients 
include the majority of the Premier League and major European Champions League 
football clubs, racecourses, other sporting venues and concerts. RRL's products 
are also used to augment conventional retail parks at times of development, 
refurbishment and undercapacity. 
 
Capital for Colleagues is investing a total of £0.5 million in this investment 
round: £0.1 million through the acquisition of existing ordinary shares in RRL 
and £0.4 million through the provision of a secured convertible loan to RRL. 
Capital for Colleagues is investing alongside Harrock Investments, which is 
acquiring £0.2 million worth of existing ordinary shares in RRL and providing a 
further £0.8 million through the secured convertible loan. The loan bears 
interest at the rate of 9% per annum and is convertible into additional equity 
in RRL determined by reference to a range of business performance outcomes. 
 
Harrock Investments is a private investment company controlled by Bill 
Ainscough, a non-executive Director of Capital for Colleagues, whose co 
-investment alongside the Company is therefore a Related Party Transaction for 
the purposes of the Aquis Growth Market Apex Rulebook. The Directors of the 
Company, other than Mr Ainscough, having exercised reasonable care, skill and 
diligence, consider that the co-investment by Harrock Investments is fair and 
reasonable as far as the shareholders of the Company are concerned. 
 
As well as leading this investment round, C4C will also be responsible for 
establishing an Employee Ownership Trust at Rapid Retail, with an interest in 5% 
of that company's issued equity capital. 
 
Commenting on the investment in Rapid Retail, Alistair Currie, Chief Executive 
of Capital for Colleagues, said: 
 
"We are delighted to have successfully led this significant investment into 
Rapid Retail alongside Harrock Investments. Our combined investment will enable 
Rapid Retail to deliver further significant growth in addition to the impressive 
growth levels already achieved." 
 
Commenting on the investment, Nick Daffern, Managing Director of Rapid Retail, 
said: 
 
"Rapid Retail is delighted to welcome C4C and Harrock Investments as highly 
valued partners in our ongoing growth journey. The additional capital available 
will enable us to pursue the many opportunities currently available to us. We 
look forward to working closely together at a very exciting time for our 
business." 
 
The Directors of the Company are responsible for the contents of this 
announcement. 
 
**ENDS** 
 
For further information, please visit www.capitalforcolleagues.com or contact: 
 
CAPITAL FOR COLLEAGUES PLC        01985 201 980 
 
Richard Bailey, Chairman 
 
Alistair Currie, Chief Executive 
PETERHOUSE CAPITAL LIMITED        020 7469 0930 
 
Mark Anwyl 
 
Capital for Colleagues plc 
 
Capital for Colleagues is an investment company focused on the UK EOB sector. 
The Company has a proven management team, with a wide network of contacts and 
affiliates, as well as established access to investment opportunities, enabling 
the Company to execute its strategy and capitalise on EOB-focused investment 
opportunities. In addition, the Company educates and assists companies that are 
looking to launch employee ownership schemes, advising them, amongst other 
things, on how to secure investment and achieve their objectives. 
 
Market Abuse Regulation (MAR) Disclosure 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as 
defined in the European Union (Withdrawal) Act 2018). 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/capital-for-colleagues-plc/r/investment-in-rapid-retail-limited,c3897712 
 
 
END 
 
 

(END) Dow Jones Newswires

December 21, 2023 04:03 ET (09:03 GMT)

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