Direct Investments

Preliminary results: A year of positive progress across the Group's investing activities

Mercia Technologies PLC has released its preliminary results for the year ending 31 March 2017.

Group and portfolio highlights include:

  • £11.7million net invested in 15 portfolio companies during the year, including four new Emerging Stars

  • Concepta was admitted to AIM in July 2016. Its board has recently been strengthened by the appointment of Philips UK CEO, Neil Mesher, as a non-executive director

  • The fair value of nDreams has increased significantly following a successful syndicated investment round in November 2016

  • Allinea Software was sold to ARM in December 2016 providing an 88.4% uplift on the Group's direct investment cost

  • The integration of Enterprise Ventures Group Ltd ('Enterprise Ventures') was successfully completed, creating a critical mass of more than 65 investment professionals and support staff across six locations within the UK regions

  • A sustainable funnel of new investment opportunities is now built following significant new fund mandate wins which scale the Group's fund management business from circa £220.0million to circa £336.5million of funds under management

  • The successful Placing which raised £40.0million in February 2017 has provided additional balance sheet capital which is predominantly to be used to scale the Group's direct investment portfolio as it continues to develop

To read the full RNS announcement, including financial highlights, click here.