LGB Corporate Finance (LGB), which provides M&A advisory and capital raising services to companies, entrepreneurs and financial sponsors, has raised GBP7 million for Rheon Labs in an over-subscribed Series A equity capital raise.
Rheon Labs is a London-based international advanced materials technology business focusing on energy control and impact resistance. The RHEON technology combines highly strain-rate sensitive polymers with a range of functional geometries, generative design techniques, manufacturing process know-how and garment integration expertise. Originally developed to deliver impact protection for the body and head in extreme sports, the technology is equally applicable across a wide range of sectors. It can control energy of any magnitude and frequency, from small constant vibrations to life-threatening single impacts at ballistic speeds
The RHEON technology platform has been developed over 15 years by Dr Daniel Plant, the company’s founder and CTO, and is backed by a globally protected IP portfolio. Dr Plant is a recognised world authority on the latest approaches to all forms of impact testing and helmet construction. Rheon Labs works with leading sportswear and sports equipment brands to build custom solutions to enhance the performance, comfort and protection of their products. Existing customers include FLY Racing and RuRoc, highly innovative motorcycle and ski helmet brands respectively.
LGB Corporate Finance worked with Rheon Labs extensively on the articulation of its investment proposition and strategy for the capital raise. This included an assessment of the most appropriate pools of available capital and the likely terms attached, leading to a very successful private placement.
Angus Grierson, MD of LGB Corporate Finance, says: “We are delighted to have completed this transaction successfully and to have advised such a compelling high growth company on a landmark fund raise. The deal underlines LGB’s strategic corporate finance advisory proposition and ability to access capital.”
Stephen Bates, CEO of Rheon Labs, says: “We are delighted to have completed this capital raise, which sees Rheon Labs exceed the target amount, on simple terms attracting a unique and prestigious group of private investors. We very much look forward to working with our new backers to capitalise on the exciting opportunities facing the company right now.”