LONDON: Mercia Asset Management PLC (AIM: MERC), a regionally focused specialist alternative asset manager overseeing more than £1.8 billion in assets, has participated in major funding rounds for Warwick Acoustics Limited and Axis Spine Technologies Limited, reinforcing the commercial progress of both companies. Warwick Acoustics, a developer of audio systems for automotive and personal audio…
LONDON: Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£1.5billion of assets under management, has recently completed syndicated funding rounds into three of its existing direct investments, an AIM news announcement stated. The investments comprised: Dr Mark Payton, CEO of Mercia Asset Management PLC, said: “We continue to be…
LONDON, UK: Mercia Asset Management announced the profitable sale of nDreams Limited to Aonic AB for an enterprise value of £90.3million ($110million). Mercia held a 33.2% direct stake in nDreams, resulting in total consideration of £30.2million, split £26.4million in cash proceeds and £3.8million re-invested into Aonic itself. This exit results in a 2.7x return on…
LONDON, UK: Mercia Asset Management (AIM: MERC) announced completion of a second tranche investment round of £4.3 million into existing direct investment portfolio company, MIP Diagnostics Limited, a UK-based nanotechnology business. As part of this round Mercia invested £1.1million from its own balance sheet, alongside existing syndicate investors including the Business Growth Fund, Downing Ventures…
LONDON, UK: Mercia Asset Management has completed a £1.8 million direct investment into a new portfolio company Forensic Analytics Limited alongside a £2.7million investment by the Mercia managed Northern VCTs. Mercia Asset Management is the proactive, regionally focused specialist asset manager with c.£940million of assets under management. Following this investment, Mercia holds an 8.9% fully…
LONDON, UK: Mercia Asset Management announced a significant syndicated investment into existing direct investment portfolio company Locate Bio Limited, a Nottingham-based business developing a range of orthobiologics. This investment into Locate Bio consists of a syndicated £10.0million Series A round in which Mercia has made a direct investment of £1.6million, alongside £4.0million from Mercia’s third…
LONDON, UK: Mercia Asset Management, the proactive, regionally focused specialist asset manager with c.£940million of assets under management, is pleased to note the appointment of Frank Sagnier as Non-executive Chair of portfolio company nDreams Limited. Frank Sagnier’s career in the video games industry spans more than 25 years, having most recently retired from Codemasters Group…
LONDON: Mercia Asset Management PLC announced the British Business Bank (BBB) has allocated an additional £54.3million to Mercia’s two existing investment mandates from the Northern Powerhouse Investment Fund (NPIF). This takes Mercia’s total mandates from BBB to £186.3million and the Group’s total assets under management (AUM) to c.£800million. Mercia was first awarded investment mandates from…
LONDON: Mercia Asset Management has entered into a conditional agreement to acquire the venture capital trust (VCT) fund management business of NVM Private Equity LLP for a total maximum consideration of up to £25.0million, comprising a combination of cash and new ordinary shares in the capital of Mercia. Mercia also announced its intention to conduct…
LONDON: Mercia Asset Management, the proactive, regionally focused specialist asset manager, confirmed that its portfolio company OXGENE, formally known as Oxford Genetics, has augmented its relationship with one of the world’s leading global life science companies, Abcam plc. This expanded agreement, which follows an earlier deal announced in August 2018, will see OXGENE deliver at…