Investment

RNS Number : 7198Z

EPE Special Opportunities PLC

19 December 2017

 

EPE Special Opportunities plc

19 December 2017

Investment

EPE Special Opportunities plc ("ESO plc") is pleased to announce that on 18 December 2017 it completed an investment in David Phillips Holdings Limited ("David Phillips" or the "Company").

David Phillips is a market leading business-to-business provider of furniture and furnishing services to the UK property sector, supplying owners, managers, agents and developers in the residential, student accommodation and social housing sectors.

David Phillips has achieved significant historic growth as a result of the resurgence of the Private Rented Sector and the emergence of Build-to-Rent development. The prevailing socioeconomic dynamics favouring rented property in the UK are expected to support the future growth of the Company. 

The acquisition is consistent with ESO plc's focus on investing into small and medium sized enterprises ("SMEs"), partnering with management teams to create value through long-term business transformation.

About ESO plc

·      ESO plc 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 plc seeks to invest between £2 million and £20 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 plc 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 plc's investment horizon is very long term, creating the opportunity to maximise value via compounding returns and continually reinvesting capital within the vehicle.

Enquiries:

EPIC Private Equity LLP	[phone] Alex Leslie
R&H Fund Services (Jersey) Limited	[phone] Hilary Jones
Cardew Group Limited	[phone] Richard Spiegelberg
Numis Securities Limited	[phone]
Nominated Advisor:	Stuart Skinner / Hugh Jonathan
Corporate Broker:	Charles Farquhar

 

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