A new small cap private equity fun, Odexia Consumer Brand Fund, has been launched, which is seeking to raise £10m to invest in businesses operating in the consumer goods and leisure sectors.
The new fund, which is headed up by Carl Atkinson, whose previous and current non-executive roles include LDC Private Equity and Unilever Ventures, is believed to have identified a number of current investment opportunities.
These include “an established, award-winning premium casual dining brand with three sites”, which is looking to roll out across the south of England.
The fund will operate in the “equity gap” where high growth companies are looking to raise £0.5m to £3m of new equity funding.
It closing date is 5 December 2014, or as soon as the minimum amount of £3m has been reached.
The fund is a partnership between Marechale Capital and Odexia.
Atkinson is believed to have met and assessed significant number of fast growing businesses that fit the fund’s criteria.
The funds are expected to be invested within six to 12 months of the fund being established.
