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EPE Special Opportunities Ltd on Friday said it has completed a £2.0 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 £3.0 million growth capital raise by Denzel's, and was funded by cash reserves advanced from ESO.
Following the investment, ESO has available cash of £21.8 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.
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