IW Capital invests into an eco-friendly company
IW Capital invests into an eco-friendly company transforming the packaging industry.
We have advised IW Capital, who were the lead investor in a £10mil round of a growth equity and debt investment for Transcend Packaging, a leader in sustainable packaging, which is targeting the replacement of single-use plastics by making in demand paper and fibre-based alternatives. Since its founding, the company has seen significant growth and partnerships with leading consumer brands such as McDonald’s, KFC and Starbucks, where its digital printing and specialty coating technology has allowed paper straws, cups and food containers to replace their plastic counterparts. Transcend has also recently launched the first of its kind, home-compostable, certified PPE.
Whilst some investors have paused activities due to Covid-19, IW Capital has continued to support quality businesses with clear growth trajectories. In the case of Transcend, this was coupled with the opportunity to help combat environmental issues moving forward.
Daisy Divoka, Associate in our Corporate team, who acted for IW Capital on this investment commented:
“We were delighted to work with IW Capital on the latest in a series of investments. The investment into Transcend demonstrates both the appetite for strong investment opportunities, which hasn’t been diminished by Covid-19, as well as the rise in environmental, social and governance investing as both the right financial and moral thing to do. It’s always a pleasure working with IW Capital and we look forward to working with them again on the next investment.”
Douglas Lidgitt, Investment Director at IW Capital, who lead the investment:
“We are excited to help lead Transcend in the next chapter of their development. The business has shown significant innovation during Covid-19 with a mindset towards making the world a better place. We believe this investment will help enable them to scale to a global industry leader. EMW have been a valuable legal partner, advising on this complex and multi-faceted transaction and we look forward to working with them in the future.”
If you’d like to talk to one of our specialists, or find out more about this update, please get in touch with Daisy Divoka.
Our corporate team advise companies, management teams, investors and debt providers from business start-ups and first round finance agreements through to mergers and acquisitions, management buy outs, development funding and then selling.