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11th May 2021

Pembroke VCT exits its investment in Plenish

Pembroke VCT, the venture capital trust focused on building the businesses of tomorrow, has exited its investment in Plenish, the award-winning plant-based milks and plant-powered juice brand. The innovative beverage brand, which was one of Pembroke VCT’s earliest investments, has been acquired by Britvic to boost its plant-based drinks portfolio and cater to the growing demand for healthy and nutritious juices.

5th May 2021

YFM celebrates 25 years of helping grow young businesses via VCTs

YFM Equity Partners is celebrating the 25th anniversary of the launch of its first Venture Capital Trust. 

4th May 2021

NVM registers 12.1x return on the partial exit of musicMagpie

Following musicMagpie’s successful admission to AIM, NVM Private Equity has generated proceeds and retained value at the IPO price of £72.5 million, a 12.1x return against the cost of the original investment.

30th April 2021

Natural pet food company raises multi-million investment

Pure Pet Food, a Yorkshire company which manufactures personalised pet food using only natural ingredients, has secured a multi-million pound investment to accelerate its growth.  

The company has raised the funds from Mercia's Northern Venture Capital Trust (VCT) Funds and NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. The latest funding round follows a £2m investment by the Northern VCTs in 2019 and will allow the Cleckheaton-based company to continue to support its ambitious growth plans and development of its software as a service (SaaS) platform and data capabilities.

28th April 2021

Tiffany Young joins YFM as investment manager

YFM Equity Partners is continuing to expand its team with the appointment of Tiffany Young as investment manager, based at its London office. Tiffany will join YFM’s investment team to support the origination and execution of new investments across both growth capital and buyout opportunities.

19th April 2021

CareLineLive secures £1.2 million funding

CareLineLive, the homecare management software that increases efficiency, capacity, compliance and communication between managers and carers by digitising their workflows, has announced that it has fundraised £1.2 million to support its national and international expansion. The investment, led by Haatch Ventures, will see CareLineLive’s headcount continue to grow, with a 30% headcount increase already seen since September 2020. Alongside this, the investment will accelerate CareLineLive’s expansion into international markets, with 10% of its customers currently outside the UK, including recent client wins in Australia, Malta and Zimbabwe.

 

15th April 2021

Baronsmead VCTs reach £400m milestone with record £65m raise

The Baronsmead Venture Capital Trusts (VCTs), managed by Gresham House, have successfully raised £65m this year. 

15th April 2021

KKR to Acquire Ensono

Ensono, a leading hybrid IT services provider, and KKR, a leading global investment firm, has announced that KKR has signed a definitive agreement to acquire Ensono from Charlesbank Capital Partners and M/C Partners. The new investment follows multiple years of strong performance by Ensono, including robust growth in 2020 and its recently completed acquisition of Amido, a UK-based cloud native consultancy.

13th April 2021

Pembroke VCT achieves record fundraise

Pembroke VCT has achieved a record fundraise, selling out of the £40 million offer, with the initial offer and overallotment facility now fully subscribed as at 29 March.

12th April 2021

Maven leads £3 million funding round for fashion website Atterley.com

Maven Capital Partners has led the £3 million funding round for Atterley.com, an online fashion retailer which enables independent fashion boutiques and brands to increase their reach and sell to customers across the UK and beyond.

The investment, which also includes commitments from Scottish Enterprise and existing shareholders will allow Atterley to execute its planned growth strategy with a key focus on developing its international footprint, particularly in the US.

9th April 2021

VCT fundraising up 11% in 2020/21 tax year

The Association of Investment Companies (AIC) has published the amount of money raised by VCTs for the 2020/21 tax year. During the pandemic and at a time when the UK’s young companies have needed it most, the VCT sector has raised £685 million for investment in small, innovative UK businesses.

1st April 2021

Supporting UK small businesses more important than ever say VCT investors

More than four-fifths of investors in VCTs (81%) feel the pandemic has made supporting smaller UK businesses more important according to new research from the Association of Investment Companies (AIC) conducted by Research in Finance.

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