In investor news, our client ETF Partners recently led a £70 million deal for E-Leather, a UK environmentally friendly materials technology company using traditional leather fibres and high-powered water to produce a technologically advanced eco-leather material.
“JAG Shaw Baker has been great at giving guidance through this complicated transaction. The process would not have been as smooth without their help,” said Arne Morteani, Partner, ETF Partners.
Considered an advanced GreenTech company, E-Leather creates the look and feel of traditional leather with the performance and consistency of an engineered product through a sustainable process. In 2017, E-Leather and Nike announced a strategic innovation partnership designed to introduce a new super-material.
ETF Partners is an environmental technologies fund that focuses on investments which are grounded in sustainability through innovation – smart energy, industry and cities.
The company says the £70 million investment in E-Leather will be applied to a state-of-the-art facility to meet demand from a range of sectors, from aviation and transport through to consumer sectors.