About us

Our journey

Mercia can trace its roots back to the 1980s and over recent years has enjoyed a period of impressive growth. We are proud of our journey so far and excited about the future ahead

December 2019

NVM Deal

Mercia completed the acquisition of the venture capital trust fund management business of NVM Private Equity LLP.

Jul 2019

New company name announced

As part of the 2019 Preliminary Results the Executive Team announce a change in name to Mercia Asset Management PLC now employing 85 investment professionals and support staff.

Apr 2018

Mercia awarded North East Fund

Mercia Fund Managers is awarded the £27.0million Venture Fund to support businesses across the North East region as part of the £120.0million North East Fund.

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Mar 2018

Sale of Science Warehouse

Mercia’s second largest direct investment holding, Science Warehouse is sold to Advance Business Software and Solutions Limited for a full cash exit of £16.9million. The Group now employs 63 staff.

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Feb 2018

Mercia awarded Midlands Engine Investment Fund

Mercia Fund Managers is awarded a £23.0million Proof-of-Concept and Early Stage Equity Fund, part of the Midlands Engine Investment Fund.

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Dec 2017

First closing of EV Growth II

First closing of EV Growth II with initial commitments totalling £45.1million.

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Nov 2017

New partnership secured with the University of Edinburgh

Non-exclusive partnership is secured with the University of Edinburgh; providing access to Edinburgh Innovations and increasing Mercia’s university partnerships to 19.

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Feb 2017

New contracts awarded

Group wins significant new contracts totalling £108.5millon with British Business Bank, increasing third-party funds under management by nearly 50% to over £336.5million. The Group now employs 54 staff.

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Jan 2017

£40.0million placing completed

Placing of new Ordinary shares at a price of 46 pence per Ordinary share raising, in aggregate, £40.0million.

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Dec 2016

Sale of Allinea to ARM

Allinea Software is sold to ARM Limited for £18.1million.

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Jul 2016

AIM-listing for Concepta

Concepta PLC lists on AIM by way of a reverse takeover.

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Jun 2016

18 university partnerships

Mercia increases number of university partnerships to 18.

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Mar 2016

Acquisition of Enterprise Ventures

Mercia acquires Enterprise Ventures Group Limited, creating a go-to provider of early-stage and growth capital in the Midlands, the North of England, and Scotland, operating from six regional offices.

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Oct 2015

New offices and partnerships

Mercia opens an office in Edinburgh. It also begins Scottish partnerships with the University of Strathclyde and Abertay University, as well as three partnerships across the North of England with the Universities of York, Liverpool, and Liverpool John Moores University, taking its universities to 14 and now employing 20 staff.

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Dec 2014

Mercia Technologies lists on AIM

Mercia Technologies PLC listed on AIM, raising £70.0million. Mercia Fund Management becomes the wholly-owned subsidiary of Mercia Technologies, providing Mercia with a 'Complete Capital Solution' for technology businesses.The Group employs just 7 employees.

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Apr 2013

Nine university partnerships

Mercia Fund Management increases the number of university partnerships to nine across the Midlands, with £22.0million under management through third-party funds.

Jan 2013

Relocation of offices

Mercia Fund Management relocates from Birmingham to Forward House in Henley-in-Arden (West Midlands).

Apr 2012

First EIS/SEIS fund raised

Mercia Fund Management raises the first hybrid Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) fund to come onto the market.

Jan 2012

Launch of Complete Capital Solution

Forward Group becomes a shareholder in Mercia Fund Management. It launches the full funding model of early-stage investment from third-party funds to follow-on direct investment from the balance sheet (the Complete Capital Solution).

Jan 2010

Mercia Fund Management created

Management buyout leads to the creation of the third-party fund manager Mercia Fund Management with 3 employees and £12.0million of AuM

Jan 2007

Collaboration with Forward Group

Forward Group establishes a collaboration with WME on the basis of their common interest in supporting and investing in the UK’s leading university spinouts.

Jan 2006

Eight university partnerships

Mercia Fund Management expands university partnerships to eight.

Jan 2000

Launch of MF1

WME launches Mercia Fund 1 (MF1), a £4.0million evergreen seed fund providing support and capital to spinouts from the Universities of Birmingham and Warwick.

Jan 1982

WME established

WM Enterprise Limited (WME) is established in 1982 as a venture capital provider.