IW Capital invests in Eos Leisure
We are pleased to have advised the private investment house and longstanding client, IW Capital, on its £2 million equity investment in Essex based Eos Leisure.
IW Capital offers both debt and equity investment opportunities into scaling SMEs with growth potential. Eos Leisure manufactures and sells its own branded eliquid products including Vapemate, Soda Steam and Directors Cut to the UK vaping market. The business also provides manufacturing and scientific testing services for other suppliers. It is fairly unique in that it is only one of two companies to keep brand, manufacturing and science within one business. The EIS qualifying investment of £2 million will be used to support Eos Leisure in its growth with a focus on building sales and marketing resources, continuing scientific accreditation work and product development.
Simon Arkell led our Corporate team, providing assistance to IW Capital on the terms of its investment documents. Simon said “It was a pleasure to have advised IW Capital once again. We congratulate all concerned on an investment that presents a great opportunity for both IW Capital investors and Eos Leisure.”
For more information on this deal, please contact Simon Arkell, or you can give us a call on 0345 070 600. This deal summary article was prepared by Jemima Clarke.