Mercia is delighted to announce that it has acquired the entire issued share capital of Enterprise Ventures Group Limited (“Enterprise Ventures”), a leading provider of early stage and growth finance through third party managed funds in the North of England, for a total consideration of up to £11.0 million, plus net cash. The acquisition is expected to be immediately earnings enhancing. Enterprise Ventures has successfully built a portfolio of almost 150 equity investments, via its third party funds under management, in innovative companies spanning a range of sectors within Mercia’s focus.
To read the full Stock Exchange announcement, click here.
To find out more about Enterprise Ventures, visit their website.