EPE Special Opportunities Ltd - Bermuda-based investment company - Says its undertaking ESO Investments 1 Ltd, of which it is the sole investor, has invested £2.6 million in Hamsard 3634 Ltd, the holding company for the group trading as The Rayware Group. This was via a subscription to Rayware shareholder loan notes. This is alongside ESO 1 also providing £2.5 million of funding by way of a contingent guarantee to Rayware’s third party lenders. Following the investment, EPE Special Investments now has £24.0 million in available cash and says this has ‘no material impact’ on its net asset value. Says the investment used by Rayware to reduce the business’ indebtedness.

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