Capital for Colleagues invests £0.5m in Anthesis

Capital for Colleagues has invested a total of £500,000 in Anthesis Consulting Group Limited.

Anthesis is a specialist consultancy, offering commercially-driven sustainability services and solutions.

Since its foundation in 2013, Anthesis has grown rapidly through acquisition and organic growth, developing an international business with operations in the UK, North America, Continental Europe and Asia.

Capital for Colleagues has subscribed £350,000 for ordinary shares in Anthesis as part of a £1.3 million funding round being undertaken by Anthesis. On completion of the Subscription, Capital for Colleagues will be interested in approximately 3 per cent of the enlarged issued share capital of Anthesis; employees of Anthesis will be interested in approximately 80 per cent of that company s issued share capital.

Alongside the subscription, the company has made a loan of £150,000 to Anthesis. The Anthesis loan bears interest at an appropriate commercial rate and is repayable within 5 years.

The proceeds of the subscription and the Anthesis Loan will be used to make further acquisitions in pursuit of Anthesis international growth strategy.

Chief executive John Eckersley said: "We are delighted to be able to support Anthesis as it raises additional finance to continue its international expansion. Encouraging employee ownership as a cornerstone of its buy-and-build strategy means that Anthesis already has significant employee participation and we are investing alongside those stakeholders in this round.

"The scale of Anthesis operations and ambitions is a further demonstration of the breadth of opportunities available in the EOB sector, which we believe can continue to be a driver of economic growth, despite current uncertainties. "