Portfolio Update - TG Engineering Limited
Capital for Colleagues, the investment vehicle focused on opportunities in the Employee Owned Business (‘EOB’) sector, is pleased to announce a further investment into its existing portfolio company, TG Engineering Limited (‘TGE’).
TGE, which operates from a 20,000 sq. ft factory in Ferndown, near Poole in Dorset, manufactures precision machined, extremely high tolerance, steel and aluminium components for use in the aerospace and scientific industries.
Capital for Colleagues has made a further loan of GBP 150,000 to TGE to provide it with additional working capital. Capital for Colleagues currently has a 35% equity interest in TGE and outstanding loans of GBP 625,000 to that company.
The Directors of the Company are responsible for the contents of this announcement.
**ENDS**
For further information, please visit www.capitalforcolleagues.com or contact:
CAPITAL FOR COLLEAGUES PLC
Tel: 0161 464 326
Richard Bailey, Chairman
John Eckersley, Chief Executive
PETERHOUSE CAPITAL LIMITED
Tel: 020 7469 0930
Mark Anwyl
Duncan Vasey
Capital for Colleagues
Capital for Colleagues is an investment company focused on the UK EOB sector. The Company has a proven management team, with a wide network of contacts and affiliates, as well as established access to investment opportunities, enabling the Company to execute its strategy and capitalise on EOB-focused investment opportunities.
The Company’s joint venture, Castlefield Corporate Advisory Partners, educates and assists companies which are looking to launch employee ownership schemes, advising them, amongst other things, on how to secure investment and achieve their objectives.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.