Unum Aircraft Seating has received a significant investment, including from Origin Capital and the Low Carbon Innovation Fund 2 (LCIF2), as part of the latest round of investment in the business in a deal advised on by HCR Hewitsons’ Corporate team.
The investment has come following the business-class seating manufacturer’s commitment to sustainability through measuring carbon consumption on each part designed. The funding is expected to allow them to expand the range of seats and achieve initial certification on all products. Senior hires are also planned, along with an initial factory blueprint.
Origin Capital was advised on the deal by HCR Hewitsons’ Corporate team in Cambridge, led by Partner and Head of Office Inger Anson. Following the deal, Inger said: “Sustainability is a keystone of our ethos – we’ve recently committed to achieving a Net-Zero position by 2040 – so being able to advise on a deal which will make a tangible difference to the environment is great.
“Origin Capital has invested in the future as well as Unum Aircraft Seating, and I’m sure this latest investment will go a long way to helping Unum achieve their sustainability goals.”
Tim de Vere Green, CEO of Origin Capital, said: “This is a very exciting opportunity for us to invest not just in Unum’s growth but in a product range that has demonstrably better ESG credentials than competing offerings. The Corporate team at HCR Hewitsons’ was extremely efficient and effective in their help – my thanks to Inger and her team.”