Corporate and finance lawyers from Walker Morris have advised Finance Yorkshire on a loan with profit participation investment in Chameleon Technology.
Chameleon, based in North Yorkshire, develops in-home energy devices to help customers monitor and reduce their energy consumption. It is the first business to benefit from a new type of investment from Finance Yorkshire called ‘loans with profit participation’.
The scheme, which can be single drawdowns or tranched investments, can last less than five years, offer a repayment holiday and be secured behind existing bank and finance facilities.
A team of corporate and finance lawyers from Walker Morris advised on the deal, including Peter Considine, finance partner, and Oliver Duke, corporate solicitor.