Sauflon Pharmaceuticals, a UK manufacturer of contact lenses and aftercare products, has raised €8m from K&H Bank Zrt, part of KBC Bank.
The growth capital will be used to continue the expansion of Sauflon’s industry-leading Hungarian production facilities; thereby facilitating the delivery of the group’s wider growth plans.
Isca Ventures provided corporate finance advice and support to Sauflon during the fundraising process.
“We have worked with the management team at Sauflon for a number of years and are delighted to assist in the successful completion of this €8m growth capital fundraising. This growth capital will help drive the expansion of the overseas production plants.” added Stuart Crebo, partner at Isca Ventures.