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LONDON - EPE Special Opportunities Limited (AIM:ESO) announced Thursday that it has acquired a majority stake in Prism Holdco (2025) Limited, owner of the LSA International brand, through its wholly owned subsidiary ESO Investments 1 Limited.
LSA International designs and distributes interior products including glassware, tableware and accessories, serving premium retailers, hospitality partners and distributors in the UK and international markets.
As part of the transaction completed on July 2, ESO is investing up to £2.1 million to pay down bank debt (£1.1 million) and support working capital (£1.0 million). The company also issued 298,013 shares to former LSA International shareholders.
Following the acquisition, ESO has £7.1 million in available cash. The transaction has no impact on the company’s net asset value, according to the press release statement.
ESO has applied for admission to trading on AIM of the 298,013 consideration shares, with trading expected to commence on July 9. After admission, ESO will have 28,396,073 ordinary shares in issue.
The company stated it will assist LSA International’s future growth plans through collaboration and integration with ESO’s existing portfolio company in the sector, the Rayware Group.
ESO is an AIM-quoted private equity investment company that typically invests up to £30 million in small and medium-sized enterprises across various industry sectors including consumer, retail, manufacturing, financial services and broader service sectors.
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