On behalf of Joint Liquidators from Alvarez & Marsal Europe LLP, Metis Partners is pleased to present a unique opportunity to acquire the intellectual property (“IP”) portfolio owned by Foreverhold Limited (in Liquidation) (the “Company”).
The Company operated a blockchain and smart contracts technology platform (trading as Everledger) that enabled simple compliance and sustainability profiling for each supply chain participant, with applications across a wide number of high-value sectors including fine art, critical minerals and luxury goods.
Business Background
Founded in 2015: Everledger has been an industry pioneer in utilising blockchain technology for the purposes of ensuring supply chain transparency, establishing provenance and reducing carbon emissions.
Purpose: The Company’s platform can:
- evidence claims in relation to the chain of custody of goods, citing their origin and provenance, ensuring companies can fulfil compliance and regulatory requirements;
- utilise smart label technology to authenticate goods; and
provide sustainability solutions, including Scope 3 carbon reporting and ESG profiling for supply chain participants. - High-profile Stakeholders: Everledger’s platform has been underpinned by more than $50m investment from notable investors including TenCent. Everledger collaborated with a range of notable partners including a pilot project with Ford to improve electric vehicle battery recycling, in addition to authenticity projects completed for Diageo and Alexander McQueen.
High-profile Stakeholders: Everledger’s platform has been underpinned by more than $50m investment from notable investors including TenCent. Everledger collaborated with a range of notable partners including a pilot project with Ford to improve electric vehicle battery recycling, in addition to authenticity projects completed for Diageo and Alexander McQueen.
Opportunity Highlights
Capitalise upon a significant and growing market opportunity in the UK, where demand is driven by regulation, and with these regulations now being actively enforced, it is expected that over 150,000 UK food service outlets, who are yet to achieve compliance, will drive imminent demand.
Acquire significant IP assets underpinning a range of patented automatic GRUs, which offer dramatic benefits when compared to traditional GRUs.
Explore opportunities to supply a number of major fast-food groups that already utilise Fog Fellow GRUs across locations in the UK, which represent significant potential for future revenue generation, via both product sales and contracts to maintain existing machines.
Exploit a proven product which generated circa £1.2 million revenue in the year to September 2022.
Enter the US market and build on the rapid growth of demand enjoyed in the last two years. Fog Fellow holds multiple Plumbing & Drainage Institute ("PDI") certifications which are a strict requirement for grease trap installation in the US. With pending US patents that ensure protection for the Company's technology upon approval, a buyer would be well-positioned to penetrate this highly profitable US market.
Offer a sustainable solution within the circular economy by providing collected grease to biofuel companies that can convert this into biodegradable fuel.
To learn more on how to sell your Business IP Assets & Portfolio, please contact David Hood at david.hood@metispartners.com; or call +44 (0)141 353 3011 or +1 858 848 6911.
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