Cumbrian expert helps clinch multi-million pound deal
Last updated at 13:10, Wednesday, 16 May 2012
A Cumbrian corporate law specialist has helped clinch a multi-million investment for a county sportswear firm.
Michael Walby, of international law firm Pinsent Masons, was part of the team that brokered a deal for inov-8, of Staveley, to receive a cash injection from ISIS Equity Partners.
The money will be used to help expand the global reach of inov-8, which already supplies road running products to 58 countries worldwide.
Mr Walby said: “We are delighted to have worked with the impressive and committed inov-8 team.
“We are also very proud to have played a part in this important transaction, which will provide a strong platform for the continued global expansion of the inov-8 brand.”
inov-8 founder Wayne Edy said: “Finding an investment partner that understands the opportunities and potential created by new technology and innovative thinking in all areas of the business was crucial to accelerating our growth plans.”
First published at 11:27, Wednesday, 16 May 2012
Published by http://www.newsandstar.co.uk