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23rd March 2020

Mercia backs sustainable veg delivery firm with £3 million investment

Oddbox, the London company behind the UK's first sustainable fruit and vegetable box delivery service, is planning to expand nationwide after securing a £3m investment from the Northern Venture Capital Trust Funds (VCTs), which are managed by Mercia. The London company behind the UK's first sustainable fruit and vegetable box delivery service is planning to expand nationwide after securing a £3m investment from the Northern Venture Capital Trust Funds (VCTs), which are managed by Mercia.

17th March 2020

YFM backs commercial vehicle safety specialist Innovative Safety Systems

YFM has completed a significant investment in West Midlands-based Innovative Safety Systems (ISS), a commercial vehicle safety specialist. This represents the final new investment from YFM’s Buyout Fund I, with the second fund having already announced a first close.  

ISS was founded in 2009 by CEO Gavin Thoday and the business has grown rapidly in recent years through its commitment to product innovation, exceptional customer service and expertise in the waste management sector where it is a market leader.

12th March 2020

Calculus Capital budget comment

John Glencross said: “There is a lot in this budget that is positive for entrepreneurs and small business owners. The big change is in entrepreneurs’ relief, which enables business owners to pay just 10% capital gains tax on disposal of all or part of their business. This lifetime limit has been reduced from £10m to £1m.”

4th March 2020

Octopus Ventures exits stake in We Got POP

Octopus Ventures, part of Octopus Group and one of the largest VCs in Europe, has exited its investment in FilmTech start-up We Got POP.   FilmTech startup We Got POP has been acquired by Entertainment Partners, the end-to-end provider of production and workforce management solutions to the entertainment industry. Entertainment Partners is headquartered in LA and operates across the US and Canada. It is owned by TPG Capital, the private equity platform of global alternative asset firm TPG. 

11th February 2020

Foresight invests £500k in Novel Technologies to commercialise its SILVERbac antimicrobial technology

Foresight has made a £500,000 growth capital investment into Novel Technologies Holding Limited, developers of antimicrobial technology SILVERbac.  This is the third investment made by the £20 million Foresight Scottish Growth Fund which is financed by the Scottish Growth Scheme through a combination of Scottish Government funds and the European Regional Development Fund (ERDF), and is part of a wider £2.1 million funding round for NTH.

4th February 2020

Foresight invests additional £1.1m in Tudor Group to acquire AQS

Foresight Group has made a further £1.1 million growth capital investment into portfolio company Tudor Group Limited to fund the acquisition of Wales-based cleaning contractor, A Quality Service Limited.

Based in Manchester, Tudor is an established facilities management provider which offers window cleaning, general cleaning and ancillary maintenance services to more than 100 customers nationwide including Transport for Greater Manchester, Hilton, Radisson and Marriott.

3rd February 2020

Maven leads £2.1 million seed funding in Oak Intranet

Oak Intranet has raised £2.1 million additional seed funding round led by existing investors Maven Capital Partners. The funding follows a restructure of the company’s leadership team led by the new CEO, Will Murray and the appointment of a new non-executive chairman, Mark Quartermaine which will enable the business to expand adoption across the UK.

Created in 2016 Oak Intranet is aimed at enterprise and medium sized businesses, it organises departments, news, teams, projects and internal communication through its mobile app and SaaS platform.

22nd January 2020

Albion Capital VCT top up offers raise £34m after strong performance

Albion Capital, the leading independent investment manager, closed its 2019/2020 VCT top up offers earlier than scheduled 

21st January 2020

Financial Adviser finding platform Unbiased secures £5.6m from YFM

Funds advised by YFM Equity Partners have backed a £5.6m investment into Unbiased EC1 Limited to support the continued growth of the team and its financial advice marketplace. 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.

Unbiased is the leading online platform for connecting millions of people to the trusted financial specialists across Financial Adviser, Mortgage Broker and Accountancy markets.

15th January 2020

Rovco receives £3.9 million from Foresight

Foresight Group has invested £3.9 million investment into disruptive subsea surveying company Rovco Ltd.  The investment comprises £2.0 million from the Foresight Williams Technology EIS Fund and £1.9 million from Foresight VCTs. The investment was part of a larger round totalling £5 million which included funds from existing shareholders.

14th January 2020

Sale of EIKON Group brings strong returns for YFM

Funds advised by YFM Equity Partners have banked a healthy return multiple of 2.25x within two years of their initial investment in EIKON Group, with YFM retaining a minority investment.

In March 2018, YFM initially provided £6m funding to EIKON, a London-based leading provider of digital mastering and localisation services to the international entertainment industry. This funding, from YFM’s British Smaller Companies VCT funds and Growth LP funds, was mostly used to expand the company’s execution capabilities through development of a major new facility in Los Angeles.

10th January 2020

Calculus Capital generates 1.8x return on sale from Once Upon A TIme

Calculus Capital has sold their investment in London-based marketing agency Once Upon a Time (OUAT) in a deal that netted investors an expected total return of 1.8x, excluding the tax benefits associated with investing through EIS.

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