Corporate Finance Deal Announcement: child fire safety product manufacturer
We are very pleased to announce the completion of an equity fundraising exercise for a client involved in the production of a child fire safety product ‘Life Light’. The funding was sourced from private investors.
The deal was successfully led, negotiated and completed by our corporate finance team. We negotiated the structure of the equity package and assisted in securing the required funding. The successful completion of this deal in the current tough economic climate demonstrates the strength of the product. Our team’s track record and experience was paramount in being able to source and secure funding in a difficult market and we are delighted with the outcome for all parties involved.
Derek Wilson, company founder and managing director, has a history of creating innovative products. After initially developing the Life Light product, he realised that he would not be able to manufacture and launch it without external equity investment. Despite the potential future importance of the product (see below), as well as endorsements from Fire Brigade chiefs and strong revenue and profit prospects, Derek realised the need to get expert corporate finance advice to effect the deal. Therefore he turned to us to help source the funds and to drive the deal forward to completion.
We wish Derek every success for the future and look forward to working with him further over the coming months and years.
About Life Light
In the event of fire, the vast majority of children are found by fire fighters hiding in their bedrooms, a place of safety in the child’s mind. However, currently members of the fire services have no way of identifying high risk rooms where vulnerable children are hiding. This forces a search of every room and potentially the wasting of valuable time when every second counts. The Life Light product is a new and totally unique product that uses innovative technology to guide fire fighters directly to the child’s bedroom.
The product has been extremely well received by the UK Fire Brigade and has already obtained strong endorsements from numerous high ranking Fire Brigade officials.
Tom Carroll, former President of the Chief Fire Officers Association and Chief Fire Officer of Cambridgeshire has commented: "This is a major breakthrough in fire safety, Life Light will save lives all over the world."
If you would like to know more about this deal or how we can assist you, your clients or your contacts who may be looking to raise funding, please send us an online enquiry to arrange an initial no-obligation meeting.