EPE Special Opportunities Limited Investment (8418G)
29 Julio 2021 - 1:00AM
UK Regulatory
TIDMESO TIDMEO.P TIDMEC.P TIDMEL.P
RNS Number : 8418G
EPE Special Opportunities Limited
29 July 2021
EPE Special Opportunities Limited
Investment
EPE Special Opportunities Limited ("ESO" or the "Company") is
pleased to announce that on 28 July 2021, ESO Investments 1 Limited
(an undertaking of ESO, in which it is the sole investor) ("ESO 1")
acquired a majority stake in Hamsard 3634 Limited (the "Target" or,
together with undertakings, the "Target Group") (the
"Transaction").
The Target Group owns a collection of six heritage British
homeware brands, including the iconic Kilner and Mason Cash
marques, as well as Viners, Typhoon, Ravenhead and Price &
Kensington. The Target Group develops and distributes a wide
product range including jars, mixing bowls, cutlery, glassware and
tableware.
The Target Group has achieved significant growth, benefitting
from its strong relationships with its long-standing customer base,
and more recently supported by structural trends including home
cooking, sustainability and premiumisation. The Target Group
achieved sales of GBP35.6 million for the year ended 31 December
2020, representing year on year growth of 21 per cent. (with
non-material net profits due to management charges that will
discontinue going forward).
ESO will assist the Target Group's future growth ambitions by
supporting international growth and the development of a digitally
led channel strategy.
As part of the buyout, ESO 1 invested GBP22.5 million (funded by
cash reserves advanced from ESO). Following the Transaction, ESO
has available cash of GBP20.0 million. The Transaction has no
impact on the Company's net asset value.
The Transaction 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
st rong 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 Private Equity LLP +44 (0) 207 269 8865
Alex Leslie
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 / Henry
Slater
Corporate Broker: Charles Farquhar
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END
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July 29, 2021 02:00 ET (06:00 GMT)
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