Author: Lee Jones

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Completion of the sale of Faradion

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Mercia is pleased to confirm completion of the sale of Faradion for a total enterprise value of £100.0million to Reliance New Energy Solar, a wholly owned subsidiary of India-based Reliance Industries, the multinational conglomerate. Based in Sheffield, Faradion is a world leader in sodium-ion battery technology that provides low-cost, high-performance and sustainable energy storage solutions. Mercia

Medic raises £1.5m for app to help children prepare for surgery

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A doctor who has developed an app to help reduce anxiety in children undergoing surgery has raised £1.5m from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), Mercia’s own funds and private investors. Dr Chris Evans, an anaesthetist working with children and a father