Cook Corporate Solicitors have advised iCOMAT on their first round of private equity investment.
iCOMAT have developed a patented process for making advanced carbon fibre composites which are lighter, stronger and more cost-effective than the state-of-the-art processes for the aerospace, automotive and marine sectors.
Funding was on an EIS basis and came from two Bristol-based angel investors and an international fund.
Charles Cook, Managing Partner of Cook Corporate Solicitors, stated: “It has been a pleasure to work with Evangelos and his team, and the University of Bristol in order to make sure that this brilliant and unique company can move to the next stage and continues to thrive.”
Co-Founder of iCOMAT, Evangelos Zympeloudis, said: “The funding secures the future growth of our company and allows us to further develop our innovative manufacturing process. Working with Cook Corporate was very slick, they were efficient and made sure everything ran smoothly.”
The team at Cook Corporate who worked with iCOMAT on this transaction included Charles Cook, Ed Schofield, and Richard Anthony.