Soccer Manager – the UK-based online soccer management game – has secured a further £3m to support its continued growth in a funding round led by its existing investor Mercia. The latest investment, which comes from Mercia’s own funds, the Northern Powerhouse Investment Fund and the Government’s Future Fund, will allow it to grow its
As at 30 September 2020, Software and eCommerce investments accounted for five out of the Group’s top 20 direct investments representing c.25% of the total direct portfolio by value and by number. Within its managed funds, software and eCommerce investments accounted for c.30% by number of the total Group portfolio of investments. Mercia is well
We are delighted to announce that Diane Seymour-Williams has been appointed as a Non-executive Director of Mercia with immediate effect. Diane is a non-executive director of Standard Life Private Equity Trust plc, PraxisIFM Group Limited and SEI Investments (Europe) Ltd and is a director of Acorn Capital Advisers Limited. Most recently, Diane was also a
Mercia is pleased to announce the profitable sale of one of its direct investments, Clear Review, for a total cash consideration of up to £26.0million. Mercia held a 4.0% fully diluted direct holding in Clear Review at the date of sale and will receive cash proceeds of £1.0million representing a 2x return on its investment and
Mercia is pleased to announce that its direct portfolio company Warwick Acoustics has secured £2.1million of recent syndicated investment, including £0.5million from Mercia. The Company has also recently won a £0.4million grant from Innovate UK, in conjunction with the University of Warwick. Warwick Acoustics is one of Mercia’s earliest investments, having received its first investment
Life Sciences investments accounted for seven out of Mercia’s top 20 direct investments as at 31 March 2020 and their cumulative fair value of £28.6million represented 32.7% of the total portfolio by value. All of Mercia’s Life Sciences direct investments originated from our third-party managed funds and in addition to these investments, We have a
Business Loans A business loan is borrowed capital that businesses use as financial aid, when they are in a position where they are unable to put their own money towards expenses. Business loans are supplied by a lender, with the primary purpose being to help a business grow further and expand its capabilities. Why Us?
Small Loans from Direct Lenders Small loans from a direct lender offer alternative methods to securing debt finance, as opposed to a bank, for example. A good idea may be to perhaps take some time to sit down with one of investment team members here at Mercia, who are able to advise you on your
Small Business Loans Small business loans in the UK, otherwise known as SMEs (small and medium-sized enterprises), are funds supplied to smaller businesses to help them increase revenue over time and build their business further via the implementation of a structurally sound approach. SMEs are provided by banking firms, as well as alternative finance lenders,
Small Business Funding Small business funding is a type funding supplied to small and medium-sized enterprises (SMEs), who are looking to further expand and grow their business. This means that the businesses’ revenue remains below a certain threshold, and businesses that exceed this amount are no longer eligible for SME funding. Mercia is currently one of