The Summer of 2014 was extremely busy for Equitable Law in terms of legally advising and assisting in relation to share based investments in United Kingdom (and international) based ventures. It seems that in a continuing era of low interest rates upon cash deposits and a lack of bank provided debt finance - 'business angel equity investors' continue to seek to 'fill the funding gap'.
The nature of our client base means that many of the relevant investments are highly confidential and / or commercially sensitive, such that although we would dearly like to tell you much more about the investment transactions that we have recently assisted with - such as those involving a high profile sports personality investing in one of the businesses that services them, and the cutting-edge British based technology venture which received investment from a significant mainland-Europe based engineering group - our lips are sealed!
However, the most prominent of our Summer 2014 investment transactions was the second round of share based investment into 'Entrepreneur Handbook' (www.entrepreneurhandbook.co.uk), a web based publisher creating articles, guides, resources and more to help aspiring entrepreneurs get to the next level of the development of their ventures.
Following Entrepreneur Handbook's seed round investment by West of England based Marmaduke Holdings in 2013 (upon which we also advised), we advised Entrepreneur Handbook in taking a confidential / undisclosed amount 'A Series' round of share based investment from the China based Shanghai Zhezhou Industry Co. Limited - best known for its 'Uno Ventures' operations (www.unostartups.com).
Pinsent Masons' Glasgow (and Shanghai) offices advised Uno Ventures.
Equitable Law (Dan Johnson) advised 'Entrepreneur Handbook' and its founder, Mr. David Friel and commented : 'We were delighted to be again engaged by 'Entrepreneur Handbook' to assist with their equity funding arrangements. As one of the most prominent ventures associated with this area of the U.K. early stage business corporate finance scene this further invitation made us extremely proud'.
Mr. Friel commented : 'It is always a pleasure to take sensible commercial legal advice and assistance from Dan - and we are delighted by the smooth completion of this transaction which allows Entrepreneur Handbook access to the massive Chinese market through the connections of our new investor.'
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