Castelnau Helps Silverwood Brands Make New Acquisitions

On 12 December 2022, Silverwood Brands announced the completion of two new investments:

- A 90% stake in Sonotas Holdings Corporation and,

- A 19.8% stake in Lush Cosmetics Limited and Lush Cosmetic Warriors

Sonotas is headquartered in Japan and owns two growing skincare brands, Cigarros and Steamcream, while the Lush entities collectively operate and own the intellectual property of the global Lush brand, which has retail outlets in 48 countries.

Click here to view the full announcement regarding the transactions.

At the time of the announcement, it was also announced that Castlenau had provided Silverwood with an unsecured, convertible loan. The loan, for £1.5m, has a one-year life, accrues interest at 15% and is convertible at 70p.

Graham Shircore, CEO for Castelnau at Phoenix Asset Management said, "These investments represent both a continuation and acceleration of Silverwood’s stated strategy and we believe they have the potential to make a fundamental difference to the future of Silverwood and the opportunities with which it will be presented."

Click here to view the copy of the full announcement regarding the loan facility.