Paul’s career has spanned forty years in the leisure and entertainment sectors; initially as Finance Director for the likes of Simon Fuller’s 19 Entertainment Group and Cream Group (Creamfields Music Festival). For the last fifteen years Paul has been more directly involved in VCT and EIS fund management. In early 2016, he set up Edition Capital with three other partners to continue investing into the sector. Edition now has twenty investments within its Edition EIS portfolio.
\nWhat is the most rewarding aspect of your role?
\nI have always been driven by job satisfaction rather than financial reward. It’s the greatest feeling in the world to successfully exit any business and give investors a first-class return.
\nWhat\'s keeping you up at night?
\nI’m a perfectionist. We currently have twenty investments, but if only nineteen of them are performing strongly and one is below par, I will wake up at 4.00am thinking about ways to get that one underperformer back on track.
\nWhat makes your firm stand out?
\nWe set Edition up three and a half years ago to stick to the basic principals of focussing upon areas of investment where we have a deep knowledge. We believe that we understand the leisure sector in all of its facets in a way that very few, if any, other operators do. It’s very different to the more generalist operators who tend to spread their investment funds across various seemingly unconnected sectors. The Edition Team are also extremely ‘hands on’ in terms of each investment to an extent that not many of our competitors seem to be.
\nWhat are investors saying about your firm?
\nThe feeling seems very positive, which is supported by the sharp increase in the funds that we are taking in currently. We managed the exit of the Impresario Festivals EIS in our early days and obviously delivering a return in excess of £2 per share put a big smile on a few people’s faces!
\nWhat are three things you look for when investing in a business?
\nThe people are at front and centre of any business and it is so important that we believe in them and, in turn, they believe in us helping them to make the most of the opportunity.
\nIt goes without saying that the business must also have a commercial concept that resonates with the modern marketplace; which is why we don’t back start ups and only invest in businesses that have good proof of concept but need capital to accelerate their growth.
\nLastly, given that we have a significant number of accountants in the business, we insist upon a potential investee business having strong financial processes. We are happy to help ‘professionalise’ in this area as we often do (Edition has a separate advisory arm), but there needs to be a firm commitment to strong budgeting and financial reporting processes.
\nHow have the recent legislative changes affected your firm?
\nWe are generally supportive of the changes as they play to our commercial strengths. It certainly differentiated us from a significant number of operators in the sector who were extremely scared of the new regime. There remains a frustration that EIS is still far from perfect in terms of assisting the delivery of growth capital to exciting young entrepreneurial businesses, but hopefully we can all continue lobbying to convince government that there needs to be more ‘can do’ in terms of breaking down the barriers to investment and encouraging businesses to grow.
\nWhat is the best piece of advice you\'ve taken?
\n"Nobody ever went bust taking a profit". Selling a business at the right time and leaving something on the table for the acquirer is a crucial skill. Too many people hold on and miss the boat in terms of maximising the return from an exit and sometimes you are better off exiting a business for a small positive return and focusing your time and energy on other businesses.
\nHow would your colleagues describe you in three words?
\nI asked around and most of them were unprintable, but loyal, generous and passionate were three of the polite ones.
\nThis interview was originally featured in Co-Investor. You can read the full interview here.
',id:"3910"},{title:"Mainstage Festivals announce new event Snowboxx New Zealand",featureImage:[{title:"Mainstage elevations",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/Mainstage-elevations.jpg?mtime=20200605153757&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"mainstage-festivals-announce-snowboxx-new-zealand",postDate:"2020-01-13T16:57:00+00:00",bodycopy:'Mainstage Festivals are delighted to announce the launch of Snowboxx New Zealand.
\nThe festival, to be held in Cardona, Queenstown on 8- 15th September 2020, will host a smorgasbord of fun-fueled activities beyond the mountains and music including a snowball arena, inflatable races, bottomless brunches and slope-side raves.
\nYou can view more information about the festival here.
',id:"4197"},{title:"Edition Advisory Case Study",featureImage:[{title:"Hotpod yoga 1",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/hotpod-yoga-1.jpeg?mtime=20200528101052&focal=none"}],postsCategories:[{title:"Opinion",id:"262"}],slug:"edition-advisory-case-study",postDate:"2019-11-15T13:38:00+00:00",bodycopy:'Edition Advisory works with a number of leisure and entertainment businesses at any stage of their journey. You can read about how we\'ve helped our investee Hotpod Yoga in this Case Study.
',id:"4080"},{title:"Stop blaming millennials, start investing in them",featureImage:[{title:"Mainstage snoboxx NZ",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/Mainstage-snoboxxNZ.jpg?mtime=20200605153800&focal=none"}],postsCategories:[{title:"Opinion",id:"262"}],slug:"stop-blaming-millennials-start-investing-in-them",postDate:"2019-11-14T16:53:00+00:00",bodycopy:'Over the past several years, a stealthy killer has lived among us. You might live with one – you might even be one. This killer is the millennial and their favoured prey – long established industries. Since 2016, various articles have blamed millennials for the death or slow demise of the golf industry, wine cork manufacturers, cinema chains, upmarket hotels, mid-market beer and wine, banks, gyms, diamonds, the oil and gas industry, home building and, of course, napkins.
\nAs ludicrous as it is to blame the falling fortunes of certain industries on changing consumer tastes, rather than a lack of sufficient dynamism from existing business, the millennial as bogeyman has gained significant traction as a convenient story to explain underperformance across a wide range of businesses.
\nHowever, what is true is that, as a cohort, millennials – those born between around 1980 and 2000 (demographers cannot ever seem to agree on the precise dates) – have very different tastes to previous generations. With a distrust for institutions spurred on in large part by formative years spent battling the aftermath of the great recession, a childhood spent surrounded by the nascent internet and the rise of social media, as well as an increased desire to explore and experience the world around them, it isn’t hard to see that industries that don’t respond to the rise of this new consumer are doomed to failure. Nor is it enough to simply ignore this generation – by 2020 American millennials alone are forecast to spend $1.4 trillion per year according to Accenture. In spending terms, they have already arrived as a force to be reckoned with.
\nGiven their rising importance as consumers across the globe, investors would be far better positioned by looking to deploy capital into businesses that satisfy the demands of millennials’ changed tastes rather than simply blaming them when stale businesses underperform. One of the key trends that underpins millennial spending is the rise of the ‘experience economy’. Companies within the experience economy use services as the stage, and goods as props, “to engage individual customers in a way that creates a memorable event“. Whilst the idea has been around for over 20 years, what is different is that millennials are increasingly choosing experiences over goods. Given a choice between spending their disposable income either on designer clothes or going to a show, the chances are the consumer will choose the show.
\nIn order to benefit from this trend, investors must be savvy at choosing businesses that can thrive in the ultra-competitive experience sector. The Edition Capital team have been investing into businesses within the experience economy since 2002, and within that time we have seen the same core features of successful businesses time after time. The most investable businesses will have multiple revenue streams, differentiated pricing points, ownership of intellectual property and a loyal and recurring fan base.
\nOne exemplar of this is the festival industry. With income from tickets, sponsorship, food and drink, basic day tickets to high end VIP options, a strong brand they own themselves and a passionate fan base, festival businesses tick all these boxes and have the potential to generate exceptional returns for investors. Recent transactions that we have been involved in, including the sale of Impresario Festivals, which more than doubled shareholder value in four years, have proven this potential and we continue to invest in the experience economy through Edition EIS Discretionary Portfolio Management Service.
\nMillennials aren’t going anywhere. There are over 2.5 billion of them and their spending power will continue to rise and rise. Businesses that don’t look at them and demand a share of that money aren’t going to thrive, and investors who sit on the sidelines of this huge cultural and economic shift are just as likely to be left behind. The time has come to stop blaming millennials, and to start investing in them.
This article was originally written for Charles Stanley. You can read the full article here.
',id:"3906"},{title:"Morty & Bob’s to open in Westfield London",featureImage:[{title:"Morty and bobs westfield",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/morty-and-bobs-westfield.jpeg?mtime=20200527123856&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"morty-bobs-to-open-in-westfield-london",postDate:"2019-11-12T12:39:00+00:00",bodycopy:"We are delighted to announce that Morty And Bob’s has just expanded into Westfield London and will now be available at Westfield Shopping Centre in Shepherd's Bush.
\nMorty & Bob’s will still sell their signature grilled cheese toasties as their King's Cross restaurant and bar, but it will be alongside a range of other hot sandwiches freshly made in front of customers. This includes; slow-roasted porchetta sub with house slaw, salsa verde and gravy drizzle and popcorn shrimp with dressed crispy salad served in a brioche roll.
\nAt the weekend, the team will be serving the Brunch Bun with crispy smoked streaky bacon, smashed avocado, soft scrambled egg, shoestring fries and M&B mushroom ketchup.
",id:"227"},{title:"Incipio to open their sixth venue",featureImage:[{title:"Incipio bloom",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/incipio-bloom.jpeg?mtime=20200527123654&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"incipio-to-open-new-venue-bloom",postDate:"2019-11-08T12:36:00+00:00",bodycopy:"We are excited to announce that our investee company, Incipio Group, will open their sixth venue today. Taking over the former Mahiki site on High Street Kensington, Bloom will be West London’s new neighbourhood bar and dance floor.
\nThe venue promises no strict guestlists or dress code. The 350-capacity, 6,000 square foot space will have two bars, and a restaurant will be open until 3.30am on weekends.
",id:"222"},{title:"Edition announce investment into Watch House Coffee",featureImage:[{title:"Edition watch house coffee",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/edition-watch-house-coffee.jpeg?mtime=20200527124902&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"edition-announce-investment-into-watch-house-coffee",postDate:"2019-10-28T11:48:00+00:00",bodycopy:"London-based speciality coffee concept Watch House Coffee is set for further expansion in the capital after securing £2.1m of new investment from Edition Capital. Roland Horne founded Watch House in a 19th century former watch house in Bermondsey Street in 2014. The venue has proceeded to become a three-time Time Out Love London award-winner. The group has subsequently added sites in Tower Bridge, Fetter Lane and Spitalfields.
\nHorne said: “Each one of our sites is designed to highlight the specific history of our locality. Modern coffee is about the whole customer experience, not just the coffee bean or latte art. This holistic approach stands us apart in the sector. Completion of the series A investment round allows us to reach further afield and much faster, which is really exciting for the team and customers alike.”
\nPicture: [pics of Watch House]
",id:"253"},{title:"Brand Authenticity Interview with Lisa Boden Shah",featureImage:[{title:"Lisa",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Lisa.jpg?mtime=20200519120004&focal=none"}],postsCategories:[{title:"Opinion",id:"262"}],slug:"brand-authenticity-interview-with-lisa-boden-shah",postDate:"2019-10-17T16:04:00+00:00",bodycopy:"Management Consultancy Stone & River caught up with Lisa Boden Shah, Partner at Edition Capital to discuss brand authenticity.
\nSince being founded just over three years’ ago, Edition Capital has steadily built a reputation for investing in eye-catching, experience driven consumer concepts.
\nLisa Boden Shah, one of four Partners who set up Edition after leaving a boutique investment house where they were the Live Entertainment team, and has specific responsibility for deal sourcing, securing deals and portfolio management. With Edition’s heritage founded so firmly on the consumer experience, its investments are firmly underpinned by the Experience Economy.
\n“It’s here to stay and guides everything we do,” says Lisa. “People are increasingly more interested in doing things that they love, which have values, ahead of buying products.”
\nAccording to McKinsey & Company, the criteria to success within the Experience Economy can be broken down into five pillars: loyalty and advocacy; having multiple revenue streams; strength of real estate; barriers to entry; and portability to new markets.
\nHarnessing the Experience Economy approach has enabled Edition to build a range of investments within immersive venues which are significant in breadth, yet each strikingly different from others in the portfolio; and all are experience driven at their core: Hotpod Yoga, Snowboxx, Crystal Maze Live to name a few, and most recently a £5million investment into Incipio Group, which transforms unused spaces into ‘social venues’ focused around food and drink.
\n“All the sites look amazing,” Lisa says of Incipio, “Their social media following is huge. I came across them through my Instagram and Facebook feeds and thought I had to get in touch. Each summer and winter they change the interiors and regularly change the restaurants. It creates great fresh content and additional PR.”
\nThe Incipio founders, Lisa says, have incredible vision, and as with all investees Edition wants to ensure this creativity is never lost: “Once you’ve lost that magic it’s very hard to get it back.” This influences Edition’s approach to its investments, and its relationship with founders: “As investors we want to be reasonable,” Lisa says. “We try not to put targets to open X amount a year, as we want investees to take it at the speed it needs to go. We’re fortunate that we often invest at an earlier stage than others, so there’s more flexibility to find the right path.”
\nOperationally, Lisa suggests Edition are less creatively involved than other investors may be, which she feels that with the majority of the team having trained as chartered accountants they are more involved with managing the finances, as opposed to focusing on other areas such as proposition, service and the customer: “We will always give input and thoughts and we will have experienced everything we’re invested in several times, but we’re not telling people what they should be doing on those elements. Our input is much more on the finance side because with these businesses the cash has to be managed so tightly – it can so quickly spiral and get away from you.”
\nLisa feels that the concept of ‘authenticity’ has transformed how brands can best create value over the past five years, and is now central to a consumer’s emotional engagement with a brand: “There’s so much more choice, loyalty is increasingly sought after, so being able to create value in that sense is incredibly important because people now care a lot about how their personal values align with a brand.”
\nAdditionally, Edition Capital has developed an Advisory capability alongside its investment capability, which enables the team to be involved in businesses at an earlier stage than they otherwise might: “The majority of our portfolio is at a later stage but the Advisory division can act as a feeder. People may come to us for advice who may not be ready for investment, but it’s a good way to develop a longstanding relationship and test if you will work well as a team or not. It builds trust and teams come to view you early-on as part of the family.”
\nEdition’s focus on the finance side of its portfolio is clearly understood by investee teams. This enables the founders to maintain focus on what originally brought them success, as Lisa feels losing sight of this is one of the biggest risks when scaling up: “With the creative people who started the business and had these amazing ideas, their focus should be on maintaining that creativity, so if we can help on the finance side, as well as growth and how to instil best practices, essentially ensuring everything is running smoothly in the background, they have the freedom to focus on the magic they can bring to the business.”
",id:"3913"},{title:"Incipio open new venue Lost in Brixton",featureImage:[{title:"Incipio brixton",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/incipio-brixton.jpeg?mtime=20200527113746&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"incipio-open-new-venue-lost-in-brixton",postDate:"2019-08-01T10:36:00+00:00",bodycopy:'We are excited to announce the launch of Incipio’s new venue, Lost in Brixton. Lost in Brixton is a jungle-themed roof terrace above Brixton village, that uses an innovative app to connect local food vendors to your table. The venue has an alfresco dancefloor and Latin-inspired cocktails.
\n\nThe bar is located on an area of the market’s rooftop which had previously been concealed from public. It is accessible via a hidden staircase in Brixton Village, and features a retractable roof, brick railway arches and jungle-inspired greenery.
\n\nDrinks on offer include a Latin American-inspired cocktail menu, a selection of 16 summer spritzers and beer from local favourite Brixton Brewery.
\n\nPicture: [Brixton site pic]
',id:"218"},{title:"Social Pantry announce new site, Crane’s Kitchen",featureImage:[{title:"Social Pantry 3 tile",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/Social-Pantry-3-tile.jpg?mtime=20200605105010&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"social-pantry-announce-new-site-cranes-kitchen",postDate:"2019-05-25T11:42:00+00:00",bodycopy:"We are pleased to announce a new site launch by Social Pantry. Crane’s Kitchen, at the South London Gallery, is a contemporary neighbourhood café-restaurant serving well-sourced, seasonal and of course delicious food in the heart of Peckham’s creative hub.
\nCrane’s Kitchen is the fifth site by Social Pantry, following the opening of Soane’s Kitchen earlier this year. The venue will be available for all day dining, and private event hire.
",id:"234"},{title:"Edition invests in Whistle Punks",featureImage:[{title:"Edition whistle punks",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/edition-whistle-punks.jpeg?mtime=20200527124619&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"edition-invests-in-whistle-punks",postDate:"2019-04-18T11:45:00+00:00",bodycopy:"Urban axe-throwing operator Whistle Punks has secured investment from Edition Capital to aid further growth. Whistle Punks, which offers the opportunity to throw axes for fun, currently operates sites in London, Manchester and Birmingham and has secured £1.5m of new investment that will enable the business to expand across the UK as the popularity of alternative sports and experiential leisure continues to rise.
\nThe company, which was founded by John Nimmons and Jools Whitehorn in 2016, plans to open a site in Bristol this summer with a further venue in London planned to launch before the end of the year. The business has applied to Bristol City Council to open a site in All Saints Street that was formerly occupied by nightclub Panache, which closed in 2011. Whistle Punks sees groups take part in axe-throwing tournaments guided by throwing coaches. Participants rack up the highest score by hitting bull’s-eyes while socialising between rounds.
",id:"246"},{title:"Hasan Abdullah joins Edition as Investment & Advisory Associate",featureImage:[{title:"Hasan Abdullah Web e1556616449829",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/Hasan-Abdullah-Web-e1556616449829.jpeg?mtime=20200519115959&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"test",postDate:"2019-04-10T10:29:00+00:00",bodycopy:"We are pleased to welcome Hasan Abdullah to the Edition team. Hasan joins us from M&C Saatchi.
\nHasan will be an Investment & Advisory Associate, assisting with the overall financial management of various leisure and entertainment businesses.
",id:"212"},{title:"The Crystal Maze Live reopens in London’s Picadilly",featureImage:[{title:"Crystal maze piccadilly",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/crystal-maze-piccadilly.jpeg?mtime=20200527124459&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"the-crystal-maze-live-reopens-in-londons-picadilly",postDate:"2019-03-29T11:44:00+00:00",bodycopy:"Opening on Shaftesbury Avenue and just a couple of paces from Piccadilly Circus, the Crystal Maze Live will reopen with a host of new faces set to take you around the maze and test your ability.
\nThe new Experience, still based on the iconic 90s TV show, replaces the Islington edition and is bigger than ever at 30,000 sqft. It will feature 32 brand new games across the four zones - Aztec, Medieval, Future and Industrial. The aim is to complete the puzzles as quickly as possible to win crystals, with a maximum of 16 available.
",id:"242"},{title:"The Little Yellow Door returns to Notting Hill",featureImage:[{title:"Little yellow door notting hill",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/little-yellow-door-notting-hill.jpeg?mtime=20200527124341&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"the-little-yellow-door-returns-to-notting-hill",postDate:"2019-03-29T11:43:00+00:00",bodycopy:"We are delighted to announce that The Little Yellow Door is returning to Notting Hill this weekend. The All Saints Road venue swings open to a quirky living room filled with mismatched furniture and contrasting colours, while downstairs, The Flatmate’s Den, is where you’ll find the after-party fully equipped with games. From backgammon to poker tables and even a music corner with instruments in case you want to show off any secret talents.
\nPrepared in the open plan kitchen, The Little Yellow Door sees a monthly changing menu with two of the flatmates holding a cook off to showcase their national cuisine. Comfort flows through the dishes, including options such as pork belly and peanut bao buns, burgers smothered in Swiss cheese and truffle mayo, toasts topped with steak tartare, as well as Sunday roasts ready to cure any lingering hangovers.
",id:"238"},{title:"Edition invests in Social Pantry",featureImage:[{title:"Social Pantry 5 tile",url:"https://d7s91s1zzpua0.cloudfront.net/image-gallery/Social-Pantry-5-tile.jpg?mtime=20200605105012&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"edition-invests-in-social-pantry",postDate:"2019-03-15T11:47:00+00:00",bodycopy:"Social Pantry, the London-based operator and events caterer, has revealed its growth plans having secured £1.1m from Edition Capital. Founded in 2011 by Alex Head, Social Pantry will use the funds to open sites, expand its events business and further its social reform campaigns. Since founding Social Pantry, Head has worked directly with London prisons and charities that “connect with the values of the business”, including offering job opportunities to ex-offenders, assisting with their rehabilitation and equipping them with the skills to succeed. Head is also an ambassador for charity Key4Life, which rehabilitates young offenders, while Social Pantry also works with Bad Boys Bakery, a social enterprise inside HM Prison Brixton, and Switchback, a London-based rehabilitation charity. Currently, 10% of Social Pantry’s workforce is made up of former offenders.
\nSocial Pantry plans to open sites in addition to the seven it currently operates in London. Head said: “This investment will allow us to further realise our ambitions in terms of growing the business to reach new markets and helping more people turn their lives around through work opportunities in the hospitality industry.”
In the not-too-distant past, whilst working on a potential IPO of a live music operator, I pitched to a large investment fund. Following an in-depth pitch on the growth of the company and the sector as a whole, the fund grandee leaned back in his chair and asked only one question – “What happens to all of the heroin needles after the shows?”. Despite explaining the sector had changed and that artists were now far more focused on image rights and licensed merchandise sales than in perpetuating the stereotypes of their forebears, the rock’n’roll image of live music still lingers in certain quarters today. Seen as an industry led by ‘musos’ and without the professionalization which had transformed the recorded music industry it had traditionally struggled with image problems and been shunned by professional investors.
\nHappily however, as the industry has adapted so has the attitude of professional investors. The collapse of recorded music revenues in the early 2000s led to a restructuring of the business model for artists. Albums ceased to be the principle source of revenue but became launch pads for new global rolling tours – some of which last for years. Ed Sheeran’s ÷ tour started in 2017 and has already grossed more than half a billion dollars. The festival sector exploded as the increase in artists touring every year gave them more choice in lineups and allowed them to attract new consumers.
\nHand in hand with this huge increase in scale, a wide range of businesses shifted from being small cottage industries into larger, more professional outfits. This professionalization, along with the unprecedented growth in revenues has helped to shift perceptions for larger investors and seen a flood of new money coming into the sector.
\nMuch of the funding moving into this sector is being used for consolidation. The majority of festivals and live venues are still small compared to the industry behemoths which stage thousands of concerts and generate revenues in the billions of dollars. Increasingly the benefits of consolidation, and vertical integration within a company have become clear. Live Nation is the prime example. Its rapid acquisition of venues, promoters and festival brands have helped it establish a presence in every key market, but it is its integration of ticketing (through Ticketmaster) that has unlocked value for the business.
\nWith increasing demands from artists for ever higher fees, as well as competition for market share, there is a persuasive logic for small live music businesses to consider being part of a larger collective and sharing the resources of that network. It is increasingly unreasonable for standalone venues or festivals to compete for global sponsorship revenues from multinational brands unless they can negotiate collectively. Likewise, they cannot devote significant capital to develop new ticketing, cashless or tech solutions on their own. This dynamic means that there is a new ceiling in how large a business can become without significant external funding or looking to become part of a larger group.
\nIt isn’t a straightforward decision for the owners of those businesses, once they reach that ceiling. Often, they have run their company without reference to a large board or other owners for several years or even decades and taking on new professional investors or becoming part of a larger investor backed group isn’t without its pitfalls. Understanding the ethos of the acquirer or investor is paramount. Do they share your vision for the business in the future? Are you comfortable in working collaboratively with a board? These are all questions that need to be considered carefully when deciding on a partner. My fear is that owners will see the money but not consider the impact and that both sides will end up paying the price.
\nAt Edition, we continue to believe that live music will see exceptional growth and remain an active investor in this sector. We look for businesses that have already developed a compelling product, but that need that additional financial firepower to push on through to the next level and to that end have deployed over £20m into leisure and entertainment businesses since 2017 through our Edition EIS fund. We believe that the UK will continue to punch well above its weight in developing world famous talent and brands, and therefore we will continue to look to invest in UK based firms that can benefit from the underlying trends set out above and our experience in running live music companies means we can understand both sides of the transaction.
\nThis article was originally published in edition 82 of IQ Magazine. Click here to visit.
',id:"3903"},{title:"Hotpod Yoga opens new studio in Belgravia",featureImage:[{title:"Hotpod yoga belgravia",url:"https://d7s91s1zzpua0.cloudfront.net/feature-image/hotpod-yoga-belgravia.jpeg?mtime=20200527124133&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"hotpod-yoga-opens-new-studio-in-belgravia",postDate:"2019-02-20T12:41:00+00:00",bodycopy:"Hotpod Yoga announce their latest studio in Belgravia. The studio is situated down a pretty mews, just a short walk away from Victoria station.
\nBelgravia is Hotpod Yoga’s sixth London studio. Hotpod Yoga is all about yoga for real life, meaning it's suitable for all abilities. The yoga routine has an amazing pace and flow, and the immersive pod is heated to a heavenly 37-degrees to make you sweat.
",id:"231"},{title:"Edition shortlisted for best newcomer at EISA Awards",featureImage:[{title:"EISA Logo small",url:"https://d7s91s1zzpua0.cloudfront.net/EISA-Logo-small.jpg?mtime=20200610181055&focal=none"}],postsCategories:[{title:"News",id:"261"}],slug:"shortlisted-for-best-newcomer-at-eisa-awards",postDate:"2019-01-19T12:49:00+00:00",bodycopy:"We're delighted to announce that we've been nominated for this year's Enterprise Investment Scheme Association (EISA) Award for Best Newcomer. The presentation is at the Chairman’s Reception at the House of Lords on 7th February, and we're honoured to be among a host of talented and inspiring nominees.
",id:"256"}]},newsCategories:{readyStatus:"NEWS_CATEGORIES_INVALID",err:null,content:[]},navigation:{readyStatus:"SITE_SETTINGS_SUCCESS",err:null,content:{data:{globalSets:[{investorModalTitle:"Important Information",investorModalBodycopy:"Investments of this type carry risks to your capital and are illiquid in nature. Tax reliefs depend on individual circumstances, may be subject to change and depend on the investee companies maintaining their qualifying status. Investments should only be made on consideration of the full Information Memorandum and the detailed risk factors contained therein.
",investorModalButonText:"I agree",investorModalMessage:"Please make sure only one option is selected.",investorModalContent:[{itemTitle:"I am a High Net Worth Investor",id:"4603",bodaycopy:"I make this statement so that I can receive promotional communications, which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:
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54 Kingsway Place, Sans Walk
London EC1R 0LU
Want to learn more about our services, or find out how to invest?
Call us on 020 3145 1851, or email enquiries@editioncapital.co.uk
We are delighted to announce that The Little Yellow Door is returning to Notting Hill this weekend. The All Saints Road venue swings open to a quirky living room filled with mismatched furniture and contrasting colours, while downstairs, The Flatmate’s Den, is where you’ll find the after-party fully equipped with games. From backgammon to poker tables and even a music corner with instruments in case you want to show off any secret talents.
\nPrepared in the open plan kitchen, The Little Yellow Door sees a monthly changing menu with two of the flatmates holding a cook off to showcase their national cuisine. Comfort flows through the dishes, including options such as pork belly and peanut bao buns, burgers smothered in Swiss cheese and truffle mayo, toasts topped with steak tartare, as well as Sunday roasts ready to cure any lingering hangovers.
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