13.4 C
Manchester
Friday, April 4, 2025
BlogClough & Willis advises JamJar Investments on two investment deals

Clough & Willis advises JamJar Investments on two investment deals

Bury law firm Clough & Willis has acted for JamJar Investments on two investments into its portfolio; Chronext AG and SID Group.

JamJar Investments is a venture capital investment fund based in London. The firm was established in 2013 by the three founders of Innocent Drinks – Richard Reed, Jon Wright and Adam Balon – as well as Katie Marrache and Paul Chiappe. It provides seed investment in early stage consumer tech and offline companies. Previous investments include Graze, Deliveroo, BlueBottle Coffee, Gojimo and Propercorn.

Chronext AG is a luxury German-based watch dealer, which enables customers from around the world to buy and sell high-end and vintage wristwatches via its website. This is the second equity stake JamJar has taken in the company.

SID Group trading as Fiit.tv is a new entry in the healthcare and fitness sector. It operates via a mobile app that allows people to take fitness classes from their own home whilst monitoring their progress with a connected heart monitor.

The team at Clough & Willis was headed up by Guy Lachlan who is a commercial solicitor in the Corporate and Commercial department. The firm advised on various aspects of the deals including the Investment, Shareholders’ and Advisor Agreements, Organisational Regulations and Articles.

Katie Marrache, partner at JamJar, said: “Chronext has grown from strength to strength since we first invested. Bringing the offline luxury second hand watch industry online provides more choice for consumers, more liquidity for dealers and online penetration for watch brands.  Fiit.tv is also a concept we are really excited about. Taking a tracked class from your living room is more convenient and makes improving easier to monitor and more fun.”

Guy Lachlan added: “JamJar continues its proactive and flexible investment approach in the consumer sector, continuing to pick early winners in emerging markets.”

Latest

SYSPRO Research Reveals Strategic ERP Benefits for Mid-Sized Manufacturers and Distributors

SYSPRO has unveiled new insights designed to help executives at mid-sized businesses better understand the advantages of integrating an Enterprise Resource Planning (ERP) system. For...

Enviro Waste Management Reveals New Brand Identity with Commercial-Only Focus

Enviro Waste Management has announced a comprehensive rebrand to solidify its position as a dedicated provider of commercial waste services. Having previously offered solutions...

Manchester-Based Tooltap Introduces Community Equipment Rental Platform

A new digital service in Manchester is offering residents affordable access to tools and specialist equipment, eliminating the need for ownership. Tooltap Manchester, a locally...

Manchester launches vision for new national hub for hydrogen

Manchester is placing itself in prime position to become the home of a new national facility that will be central to the UK’s ambition...
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

‘Heart of gold’: Darren Orme’s family pay tribute

The family of Darren Orme have paid tribute to him. On March 24, police recovered his body following a search in the Stadium Way area...

Batman star Val Kilmer dies, aged 65

Hollywood star Val Kilmer, best known for his roles in Top Gun, Batman Forever and The Doors, has died aged 65. He died of pneumonia...

Manchester-Based Tooltap Introduces Community Equipment Rental Platform

A new digital service in Manchester is offering residents affordable access to tools and specialist equipment, eliminating the need for ownership. Tooltap Manchester, a locally...

ECB’s Intraday Liquidity Standards Set the Bar High — But Banks Face a Steep Learning Curve

Banks across the Eurozone are feeling the weight of the European Central Bank’s (ECB) tightened intraday liquidity rules, as new findings from Planixs —...

More News

Manchester launches vision for new national hub for hydrogen

Manchester is placing itself in prime position to become the home of a new national facility that will be central to the UK’s ambition...

Work starts on a permanent home for Star Radcliffe Academy

Work has begun on creating a permanent home for Star Radcliffe Academy. The secondary school is the first in Radcliffe for over a decade, offering...

Using EquitiesFirst financing to adjust to a potentially volatile Japanese Yen in 2025

The Japanese yen stands at 152.34 against the US dollar as of early February 2025, following a peak of 158.33 in early January. The drop...