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3rd December 2019

Mercia acquires NVM's VCT business

Mercia Asset Management has announced its intention to acquire the management of the three Northern Venture Capital Trusts (VCTs); Northern Venture Trust PLC, Northern 2 VCT PLC and Northern 3 VCT PLC, from NVM Private Equity LLP.

This will fulfill Mercia’s ambition to become the leading provider of complete, connected capital to regional SMEs. The deal will significantly increase Mercia’s Assets under Management (AuM) by c.50 per cent to c.£0.8billion. This will ensure that regional businesses will have even greater access to Mercia’s significantly enhanced investment capability and support during 2020 and beyond.

29th November 2019

Gresham House Renewable Energy VCTs invest in bio-bean

Gresham House Renewable Energy VCT 1 plc and Gresham House Renewable Energy VCT 2 plc have made a new investment of £1.2 million into bio-bean, the world’s largest recycler of waste coffee grounds.

This investment represents 30% of the £4 million funding round announced by bio-bean in April 2019. The Gresham House VCTs’ investment forms the final part of that round, and values bio-bean at £7.6 million.

27th November 2019

MJ Hudson shines a light on VCTs in its new report

MJ Hudson Allenbridge has publishd the inaugural edition of its VCT Spotlight Report.  The report features information on all the VCTs fundraising in the 2019/20 tax year and provide a viewpoint of the current landscape (and performance). 

26th November 2019

On the 25th anniversary of VCTs Wealth Club examines VCT returns and looks to the future

Since they were launched in 1994, individual investors have ploughed an incredible £8.48 billion into VCTs, which have backed numerous companies that are now household names, including Zoopla, Secret Escapes, Monica Vinader, Everyman Cinemas, and Five Guys to name just a few.

 

 

 

As Venture Capital Trusts (VCTs) celebrate the 25th anniversary of their announcement later this week, Alex Davies, CEO at Wealth Club examines the figures and assesses whether they have proved their worth.

20th November 2019

 New Albion Real Assets Fund announces first close of fundraising

Albion Capital, the leading independent investment manager, has announced the first close of its new asset-backed private equity fund, Albion Real Assets Fund (ARAF). The first close investors are the £9bn Merseyside Pension Fund and several high net worth families.

18th November 2019

Calculus appoints new Portfolio Director

Calculus Capital has appointed Dominic Harris as Portfolio Management Director. Harris was previously an Investment Director at Valtegra, a private equity firm focused on the investment in and turnaround of mid-market companies facing unique situational challenges.

15th November 2019

SharpCloud closes £4.5m Series A round from YFM

Funds advised by YFM Equity Partners, the specialist private equity fund manager, have backed a £4.5m investment into SharpCloud Software Limited to support the continued growth and roll out of its enterprise SaaS product. YFM’s investment comes from its two advised VCTs, British Smaller Companies VCT plc and British Smaller Companies VCT2 plc, alongside YFM Equity Partners Growth II LP.

SharpCloud was founded in 2012 by Sarim Khan and Rusty Johnson, following the successful sale of their previous software business to Oracle Primavera. Having spent some time within the Business Intelligence (‘BI’) and data analytics space, they noted a lack of powerful top-down software tools that could allow large organisations to visualise complex data across siloed lines-of-business and built SharpCloud to solve this.

14th November 2019

Foresight invests £749k into University of Nottingham spin-out Promethean Particles

Foresight Group has made a £749,000 growth capital investment into Promethean Particles Limited, a company specialising in the manufacturing of nanomaterials.  The finance boost will allow the firm to create new jobs, scale its production capabilities and enter untapped global markets.

The investment has been made using finance from the Midlands Engine Investment Fund and is part of a £1.25m funding round led by Foresight and supported by the University of Nottingham, East Midlands Early Growth Fund (managed by the British Business Financial Services), and other existing investors.

22nd October 2019

Maven leads £5.3 million investment in e-commerce platform E-Fundamentals

Maven Capital Partners has led a £5.3 million funding round in E-Fundamentals, a leading eCommerce insights platform.

 

 

 

 

London and Edinburgh-based e.fundamentals is a market-leading ecommerce analytics platform that helps many of the world’s largest brand owners rigorously improve the sales and profit performance of their products on retailers’ and wholesalers’ websites. 

17th October 2019

SharpCloud closes £4.5m Series A round from YFM Equity Partners

YFM Equity Partners has backed a £4.5m investment into SharpCloud Software Limited to support the continued growth and roll out of its enterprise SaaS product. YFM’s investment comes from its two advised VCTs, British Smaller Companies VCT plc and British Smaller Companies VCT2 plc, alongside YFM Equity Partners Growth II LP.

16th October 2019

Triple Point appoints Jennifer Ockwell as Partner and Head of Institutional Sales

Triple Point has appointed Jennifer Ockwell as Partner and Head of Institutional Sales.

16th October 2019

Maven Capital Partners leads £4m funding round in Relative Insight

Maven Capital Partners has led a £4 million investment in language understanding business, Relative Insight Ltd. The transaction comprises a £3 million package from Maven’s VCTs alongside £1 million from NPIF – Maven Equity Finance, part of the Northern Powerhouse Investment Fund. The funding will support the company’s growth strategy as it expands into the USA and develops its technology platform to help companies drive business value from language data.

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