Mercia sells stake in biotech EIS portfolio business spun out from the University of Birmingham   Specialist asset manager, Mercia Asset Management PLC which has £800.0million of assets under management including more than £50.0million of EIS capital,  has sold its stake in  The Native Antigen Company , a leading producer of infectious disease reagents, to global life sciences tools company LGC .  The sale of The Native Antigen Company is for a total cash consideration of up to £18.0million. The company, which was spun out of the University of Birmingham and backed by Mercia’s EIS funds since 2013, has generated..Read more

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.

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.

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

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.

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

Mercia increases number of university partnerships to 18.

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.

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

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

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

Mercia Fund Management expands university partnerships to eight.

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