Case study

Cuts Ice: Minority investment in manufacturer

Support for founder and entrepreneur to enable investment in infrastructure.

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Sector
  • Industrials
  • Retail & consumer

Cuts Ice is the leading UK manufacturer and distributor of e-liquid for the independent vaping sector.

Employees: 65

Deal type
  • Development capital
The Team
LDC Region

Cuts Ice is the leading UK manufacturer and distributor of e-liquid for the independent vaping sector.

Founded by entrepreneur Nigel Quine in 2011, the business has grown quickly to become a leading manufacturer of own label and white label e-liquids for use in tank-based devices and cartomisers. It supplies many leading vaping brands and wholesalers in the sector.

Its success has been driven by a commitment to quality-led manufacturing, based at its certified clean room facility in Wembley, and strong regulatory compliance.

International vision

The management team secured investment from LDC in 2016 so that it could accelerate its UK and international growth strategy.

Following the investment, Nigel Quine remained as CEO, with additional members of the management team also becoming shareholders.

Partnering with LDC enables us to accelerate investment in our infrastructure, from our manufacturing facilities to our sales and support teams.”
Nigel Quine, CEO
Cuts Ice

Nigel Quine, CEO of Cuts Ice, said: “It also gives us the opportunity to align the interests of the senior team around our long-term ambition for the business through collective ownership, whilst bringing a new, experienced partner around the table to add strategic and operational support.

“This is a hugely important milestone in our development as a business and we’re excited about the potential it creates, both in the UK and overseas.”