FSP advises Coast to Capital on Cloud Airport Spas
Field Seymour Parkes LLP has advised The FSE Group on the investment by the Coast to Capital Growth Equity Fund in a new concept beauty business, Cloud Airport Spas Limited.
The investment will enable Cloud Airport Spas Limited to accelerate its expansion of its beauty salons and nail bars in airport departure lounges across the UK.
Avent Bezuidenhoudt, Senior Fund Manager at The FSE Group commented: “This is an exciting young business that has achieved a great deal over the last two years, having to date won every contract it has pitched for. The management team is highly experienced in the beauty industry and has big ambitions for the growth of the company. We are pleased to be working with them at this essential time in their development.”
The fund is part of the Coast to Capital Funding Escalator, a £5 million initiative to provide eligible companies with loans and equity funding between £50,000 and £200,000 for activities delivering high growth and employment opportunities.
The FSP team was led by partner, Penelope Garden.
This is one of a number of investments Field Seymour Parkes LLP has advised The FSE Group on this year including on its investment in HealthUnlocked, an online social network platform launched to allow individuals affected by various medical conditions, support groups and professionals to share their experiences and link up.
