McWin Forms Strategic Partnership with ElephantSkin in Equity Marketing Agreement
Deal News | Jan 23, 2025 | Goodwin
McWin Capital Partners has announced a strategic partnership with ElephantSkin, facilitated by a marketing-for-equity agreement, which allows McWin Food Tech Fund the potential to acquire equity in ElephantSkin. McWin, a private equity and venture capital firm established by Henry McGovern and Steven Winegar, specializes in the food service and technology sectors and plans to help introduce ElephantSkin's innovative antimicrobial gloves to its restaurant network. ElephantSkin is pioneering eco-friendly solutions by manufacturing reusable gloves to reduce single-use plastic in non-medical markets. Advising the deal was Goodwin, with Adam Thatcher, Ben Taylor, and Kesten Laverty leading the legal effort for McWin, in collaboration with Austrian law firm Wolf Theiss.
Sectors
- Private Equity & Venture Capital
- Food Technology
- Manufacturing
- Legal Services
Geography
- United Kingdom – McWin Capital Partners is based in the UK, and its focus on local food service and technology sectors is central to the agreement.
- Austria – Wolf Theiss, based in Austria, collaborated on the legal aspects of the partnership.
Industry
- Private Equity & Venture Capital – McWin Capital Partners engages in private equity and venture capital investments, focusing on growth and strategic partnerships.
- Food Technology – McWin's focus on food tech is highlighted by their innovative approach connecting food service operators with sustainable technologies from partners like ElephantSkin.
- Manufacturing – ElephantSkin is involved in manufacturing patented antimicrobial, reusable gloves, addressing environmental concerns in the non-medical market.
- Legal Services – Goodwin and Wolf Theiss provided legal advisory services in the strategic partnership agreement.
Financials
- Not Disclosed – The financial details, including potential equity stake in ElephantSkin, were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| McWin Capital Partners | Private Equity/Venture Capital Firm | Company | A UK-based investment firm, founded by Henry McGovern and Steven Winegar, specializing in food service and technology sectors. |
| ElephantSkin | Target Company | Company | Manufactures patented antimicrobial, washable, and reusable gloves aimed at reducing single-use plastic in non-medical markets. |
| Goodwin | Legal Advisor | Company | The law firm advising McWin on the strategic partnership, with a team led by Adam Thatcher, Ben Taylor, and Kesten Laverty. |
| Wolf Theiss | Legal Advisor | Company | An Austrian law firm collaborating on the legal aspects of the agreement. |
| Henry McGovern | Co-Founder of McWin | People | Co-founder of McWin Capital Partners and influencer in the food tech PE/VC industry. |
| Steven Winegar | Co-Founder of McWin | People | Co-founder of McWin Capital Partners, focusing on investments in food services and technology. |