REG - EPE Special Opps Ltd EPE Special Opp-EO.P EPE Special Opp-EL.P - Investment

EPE Special OpportunitiesAnnouncement

04/07/2025 10:00

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RNS Number : 8005P  EPE Special Opportunities Limited  04 July 2025

EPE Special Opportunities Limited

 

Investment

 

 

EPE Special Opportunities Limited ("ESO" or the "Company") is pleased to
announce that on 2 July 2025, ESO Investments 1 Limited (an undertaking of
ESO, in which it is the sole investor) ("ESO 1") acquired a majority stake in
Prism Holdco (2025) Limited (the "Target" or, together with undertakings, the
"Target Group") (the "Transaction").

 

The Target Group owns the LSA International brand which designs, develops and
distributes a wide range of award-winning interior products, including
glassware, tableware and interior accessories. The Target Group has achieved a
strong reputation for design led, contemporary products centred on quality,
craftmanship and sustainability. The Target Group supplies a broad range of
premium retailers, hospitality partners and distributors in the UK and
international markets, as well as operating e-commerce and marketplace
channels. ESO will assist the Target Group's future growth ambitions,
accelerated by collaboration and integration with the Company's existing
portfolio company in the sector, the Rayware Group.

 

As part of the transaction, ESO 1 is investing up to £2.1 million (funded by
cash reserves advanced from ESO) to fund the paydown of bank debt (£1.1
million) and to support working capital (£1.0 million), and ESO issued
298,013 shares to the former shareholders of LSA International. Following the
Transaction, ESO has available cash of £7.1 million. The Transaction has no
impact on the Company's net asset value.

 

Application has been made for the admission to trading on AIM of the 298,013
consideration shares which is expected to occur on 9 July 2025. Following
admission, ESO will have 28,396,073 ordinary shares in issue with each
ordinary share carrying the right to one vote. The total number of voting
rights in the Company is therefore 28,396,073. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change in
their interests in, the Company under the FCA's Disclosure and Transparency
Rules.

 

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 £30 million into companies with strong
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 Investment Partners LLP                   +44 (0) 207 269 8860

                                                Rupert Palmer

 Langham Hall Fund Management (Jersey) Limited  +44 (0) 153 488 5200

                                                Amanda Robinson

 Cardew Group Limited                           +44 (0) 207 930 0777

                                                Richard Spiegelberg

 Deutsche Numis                                 +44 (0) 207 260 1000
 Nominated Advisor:                             Stuart Skinner / Emma Brown
 Corporate Broker:                              Charles Farquhar

 

 

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