UK mutuals investor Capital for Colleagues starts trading today

 
Suzie Neuwirth
CAPITAL for Colleagues, an investment vehicle that focuses on opportunities in the employee-owned-business (EOB) sector, will today start trading on the London-based ISDX growth market, having raised £2.19m.

The firm will have a market capitalisation of £3.25m on listing.

“The company’s clearly defined strategy aims to provide capital and practical assistance to both current and aspiring EOBs, to help them to implement effective and mutually profitable employee ownership arrangements,” said chief executive John Eckersley. “In line with this, we have three initial investments and have identified a number of further opportunities.”

The company plans to invest a total of £600,000 in FJ Holdings, a UK specialist manufacturer, Merkko, a builder’s merchant, and TPS, which distributes products for the public utility market in the UK and Ireland.

Peterhouse Corporate Finance is acting as broker to the firm.