Geldards reveals role advising Development Bank of Wales on major investment in vegan beauty brand

Geldards reveals it has successfully advised the Development Bank of Wales on a six figure investment in South Wales-based vegan beauty business Mallows Beauty.

The Pontyclun business which was established in 2020 by owners Laura Mallows and Ronnie Bourne, has achieved phenomenal growth and its popular vegan beauty products are stocked in a number of high street retailers in the UK as well as recently launching in the United States.

The brand which donates 5% of profits to mental health charities has achieved a cult following on TikTok thanks to its innovative products and appealing packaging, which has been a key-driver in boosting demand overseas.

The Development Bank was advised by Geldards’ Corporate team on a funding package which includes a mix of debt and equity to help to fund product development, export growth and help the popular business reach its full potential.

Leading on the deal in Geldards Corporate team was Associate Stewart Knights who commented:

“We were pleased to advise the Development Bank of Wales on this significant investment in Mallows Beauty, a fast-growing and successful business and just another example of the Development Banks’ support of business expansion in Wales.”

Portfolio executive Sam Macalister-Smith of the Development Bank of Wales  commented:

“Our funding is a really exciting opportunity to help scale the business in a fast growing global market and fits well with our commitment to incorporating ESG factors into investment, analysis and decision making.”