LONDON, UK: Oberon Investments Group (AQSE: OBE) has announced the completion of its acquisition of the Nexus Investments Evergreen EIS Scale-Up Fund (‘Nexus EIS Fund’) from Nexus Central Management Services Limited, following the approval from the Financial Conduct Authority (FCA).T
he deal was financed by issuing 7.5m new ordinary shares in Oberon, which will be admitted to trading on the Aquis Stock Exchange (Aquis) on or around 21 December 2023. The acquisition is expected to boost Oberon’s pre-tax profit and enhance its investment management services to the Nexus EIS Fund investors.
The Nexus EIS Fund has a portfolio of 15 companies in the sectors of Digital, Data, EdTech and Health, which aligns with Oberon’s offering to investors and companies seeking Enterprise Investment Scheme (EIS) tax relief and investment.
The acquisition will also augment Oberon’s existing ‘Oberon EIS Fund’ and complement its Oberon Capital and Oberon Private Ventures divisions.
Oberon Chief Executive Officer Simon McGivern said: “Having now received the change of control approval from the FCA we are delighted to be able to reinforce our existing EIS offerings and welcome the Nexus EIS Fund investors to Oberon”.
Mike Cuthbert appointed Chairman of Oberon Investments Group