As of 1st October 2010 Shilling Investments owns Save A Cup Recycling Company Limited.
This is one of the first transactions of its kind, where a Social Entrepreneur has bought a private company for the purpose of creating a Social Enterprise and generating Social Returns.
After 20 years operation as a trade subsidized service to vending clients, the shareholders of Save A Cup have sold the company to enable its relaunch with vigorous sales and marketing. David Hoskin, former Chairman and Managing Director of Save A Cup said: “The trade is delighted to have Shilling running Save A Cup, which will provide its recycling service for many years to come. Their mix of social enterprise, recycling and not for profit is a perfect development platform for the company and fits well with the aspirations of the founders at the beginning of the 1990s.”
Shilling works in partnership with Big Issue Invest (BII), the social investment arm of the Big Issue magazine to advise on Mergers and Acquisitions in the Third Sector. The organization is currently completing due diligence for a potential co-investment in Save A Cup through its Social Enterprise Investment Fund. Ed Siegel, Big Issue Invest’s Director of Investments, said: “We like the fact that the core environmental mission of Save A Cup will be sustained in this transaction and are convinced that a reinvigorated strategy can quickly lead to a significant expansion of the business’s social and environmental impacts. The involvement of Shilling as a strategic partner gives us even greater confidence that the initiative will be a great success.”
www.save-a-cup.co.uk
