Tax Year End 2014 / 15 - A Busy Period For Equitable Law As We Close Two More Investment Rounds

The end of the 2014 / 15 U.K. Tax Year (as it always does!) saw a busy period for Equitable Law, as (amongst other transactions) we closed two (2) development capital funding rounds on behalf of our clients.

Investment #1 – Entrepreneur Handbook ( www.EntrepreneurHandbook.co.uk )

Equitable Law was delighted to legally advise and assist its ongoing client, Entrepreneur Handbook (a web-based digital publisher) with the closing of its third (‘C’) round of development capital investment.  The six-figure sum (GBP £X00, 000) investment by a European private ‘angel’ investor has been a precursor to the geographic relocation of the relevant business - so as to have its main seat of operations within mainland Europe.  The investment achieved a particularly welcome milestone for our client, since the investment valued its enterprise value at a seven figure sum / (GBP £X, 000, 000) valuation.

Equitable Law has advised Entrepreneur Handbook since its earliest seed (‘A’) round development capital investment in 2013 (achieved shortly after its formation), and is delighted to have assisted the creation of such value in a relatively short period of time.

Mr David Friel, Founder and Managing Director of Entrepreneur Handbook commented:

"We wish to thank Dan Johnson for his continuing support to our business, which we have found invaluable in our development so far.  We look forward to working further with Dan to develop and expand our business into the new geographic market sectors which we are currently addressing".

Investment #2 – Elephant Food ( www.ElephantSuperFood.com )

Equitable law was also pleased to legally advise and assist its client, Goal Brands, with a six figure  (GBP £X00, 000) development capital seed (‘A’) round investment, which sums are earmarked for the development of our client’s  ‘Elephant Food’ superfoods snack products business.  The investor, representing established interests in the food ingredients sector, has expressed itself eager to be involved with the significant early-stage traction gained by ‘Elephant Food’ – whose products are now available in Holland & Barret (amongst other great retailers).

Mr Paul McHenry, Founder and Managing Director of Goal Brands commented:

"We are extremely grateful to Equitable Law for its considerable assistance with ensuring that Goal Brands was investment ready, so as to be able to accept our chosen investor’s financial commitment to the success of the business.  In particular, we wish to thank Dan Johnson for his highly practical approach to structuring our investment documentation, in a manner which should allow us a highly tax efficient trading position over years to come."

Should you wish to discuss any of the aspects of the above transactions (within the bounds of our obligations of confidentiality), please do not hesitate to contact us so as to do so.

DanielRobertJohnson (Skype)

Principal & Business Lawyer (English Solicitor)

U.K. Cell. +44 (0) 7788 537 187 +> ‘FaceTime’
www.EquitableLaw.com

e-Tel. +1 (646) 470 1880   |  e-Fax. +44 (0) 871 264 9515