Posted Wednesday 1st May 2019
Joelson, the London law firm, has advised Whistle Punks Urban Axe Throwing on a £1.5 million investment from Edition Capital.
Whistle Punks – which offers the opportunity to throw axes for fun – currently operates in London, Manchester and Birmingham. The investment from advisory group Edition Capital, which specialises in entertainment and leisure, will enable the business to expand across the UK as alternative sports and leisure activities rise in popularity.
Joelson’s corporate and commercial team advised Whistle Punks Founders John Nimmons and Jools Whitehorn on all aspects of the transaction, from the initial terms of deal through to execution, and was led by partner Phil Hails-Smith.
Commenting on the deal, Phil said:
“It’s not every day we get to advise an axe-throwing business, but it was our pleasure to have done so. We look forward to supporting our clients following this investment round and seeing more Whistle Punks outlets as they continue to grow successfully with additional sites throughout the UK.”
Whistle Punks Co-Founder Jools Whitehorn commented:
“The Joelson team helped us get the deal over the line within an unusually tight timeframe and provided welcome guidance throughout. Particularly valuable to us were their hands-on approach and patience with the many and varied questions we had as it was our first funding round. We look forward to working with them more as the business continues to grow.”
The team at Joelson worked very closely with the Growth Team at Grant Thornton which is headed by Sarah Abrahams on this deal.
This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.
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