ANGELS4ANGELS SECURES DEAL TAKING CLOUD-BASED FIRM INTO THE FUTURE
Angels4Angels has completed an investment in cloud-based hospitality sector firm GuestRevu, assisted by Chris Cook of Harrison Clark Rickerbys’ Cheltenham corporate team.
GuestRevu, which collects, monitors, manages and reports on guests’ feedback for the accommodation business, grew by almost 400 per cent last year and needed equity funding to support the next phase of its development.
The deal brings John Caines, Angels4Angles’ Director, onto the GuestRevu board as Non-Executive Chairman. John has considerable experience with technology companies and is a formidable entrepreneur himself.
Chris said: “The timescale was very tight because the deal had to be completed before the end of the financial year, and we also had to consider the international implications of the agreements, since GuestRevu has a South African subsidiary. But I am delighted that it has gone through to the satisfaction of both parties, and I am sure that GuestRevu will go on to greater success with the investment and with John’s expertise.”
John said: “In the case of GuestRevu, we could see a very promising start within a great business model. Our further research convinced us that guest feedback and online reputation management have become essential tools for hoteliers and crucially confirmed the excellence and integrity of its team led by Chris Alexandre and co-director, Francine Heywood.”
Harrison Clark Rickerbys has 400 staff and partners based at offices in Cheltenham, the Wye Valley, Hereford, Worcester, Birmingham and the Thames Valley, who provide a complete spectrum of legal services to both business and private clients, regionally and nationwide. The firm also has a number of highly successful teams specialising in individual market sectors, including health and social care, education, agricultural and rural affairs, defence, security and the forces, and construction.