Fashion e-commerce company receives GBP 4 million investment – ICLG.com
Summary
Puma Investments’ private equity division has invested GBP 3.2 million into fashion platform Everpr…
Puma Investments’ private equity division has invested GBP 3.2 million into fashion platform Everpress, the e-commerce platform through which small-scale fashion creatives market, manufacture a…….
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Puma Investments’ private equity division has invested GBP 3.2 million into fashion platform Everpr…
Puma Investments’ private equity division has invested GBP 3.2 million into fashion platform Everpress, the e-commerce platform through which small-scale fashion creatives market, manufacture and sell clothing to end consumers.
Charles Russell Speechlys (CRS) acted for Puma Private Equity regarding its GBP 3.2 million investment, which formed part of a combined GBP 4 million funding round alongside existing investors.
Founded in 2016 by CEO Alex Econs, London-headquartered Everpress has grown from five employees to more than 40 and intends to use the proceeds of the investment to expand and optimise its platform and increase its functionality to designers.
A discrete division of fund manager Puma Investments which is ultimately owned by AIM-listed investment company Shore Capital, Puma Private Equity focuses on investing in fast-growing enterprises in a range of industries including the technology, hospitality, leisure and fitness sectors.
In a statement, Puma Private Equity’s investment manager Ben Leslie said: “Backed by a strong leadership team, Everpress has become the go-to platform for creatives looking to showcase their designs and engage with their audiences.”
“This investment will be instrumental in ensuring Everpress is globally recognised as the place to discover and shop the best, sustainable designs from the most exciting creators,” added Econs.
CRS used a team headed up by corporate partner David Coates and senior associate Ashwin Pillay, with assistance from associate Ayman Shehata. Also providing input on employment matters were Andy Williams, Briony Richards and Harriet Lucas, along with Megan Paul and Olivia Crane on the commercial side, Lynsey Inglis on real estate aspects, and Rob Birchall and Anna Reynolds providing tax advice.
In April Linklaters advised Apollo Global Asset Management, Royal Bank of Canada (RBC) and Morgan Stanley on financing for The Carlyle Group’s purchase of END. Clothing.
Source: https://iclg.com/ibr/articles/17403-fashion-e-commerce-company-receives-gbp-4-million-investment