RSS

Last-minute bounty for Matrix

Article Date:  Apr 24 2007 Oliver Haill

Matrix Private Equity has seen its VCT fundraisng performance turned around in the last three weeks of the tax year, raising almost 70 per cent of the £15.4 million total for its Matrix Income & Growth 4 VCT.

‘I have never seen a VCT market where there has been such a last minute rush,’ declares Matrix Securities director Bridget Guerin.

This pleasing news for Matrix was more impressive against a background of underperforming VCT fundraisings. New monies raised overall by VCTs fell by almost two thirds in the 2006/07 tax year, from £750 million to £269 million, according to data from Allenbridge.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Trying to raise business finance?

The Vistage Guide to Raising Finance in The New Economy. It tells you what your options are and how best to present your case for business finance. Simply visit www.neweconomyblog.co.uk/rf2 to request your free copy.

Google Business Apps   

Google Apps lets your business save time and money by outsourcing email, calendar and office applications to Google. Just tell us a couple key stats about your business, and we'll estimate how much a basic Microsoft Exchange 2007 deployment would cost and what you could save with Google Apps.View Google Business Apps.  

Hiscox Business Insurance 

Life’s full of uncertainties, but you never want to be in any doubt about your business insurance. Hiscox offers broad and inclusive business insurance available online. You can tailor a policy to suit your business needs from a broad range of covers. Find out more.

Research

  • Directors' Pay AIM 2009

    What should an AIM company pay its CEO or FD?
    What should a non-executive director or chairman expect to be paid?
    What benchmarks should AIM remuneration committee members be using when
    setting pay?

VCT Special Report 2009

This reports principle aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest.

Cash Shells Special Report 2009

A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape.

More

Events Calendar

The Media Magnate Awards 2009

26th March, Vinopolis, London

More

More News: Fundraising Deals

HG Tech Fund opens for investment

A new fund is being launched under the Enterprise Investment Scheme (EIS), planning to secure tax breaks for its investors by backing growing companies.

RainStor raises Series B round

Data management software company RainStor has raised US$7.5 million (£5 million) from institutional and strategic investors.

Carbon Trust joins Oxsensis investors

High temperature sensor developer Oxsensis has raised £3 million in a fundraising round including new investor Carbon Trust Investments.

Advertisement

Related articles

NVM backs ex-Ithaca management team

The former management team of Ithaca Business Media has secured £7 million from NVM Private Equity to fund a new business. CloserStill Holdings has been created to purchase mid-sized exhibitions and event businesses, which the management believes it can sell on to larger players.

We're in recession, says Moulton

Jon Moulton, the founder of private equity group Alchemy Partners, says it’s time for entrepreneurs to ‘stop worrying about prosperity and to start thinking about survival’.

Cancer vaccine specialist in PLUS IPO

A company developing a pipeline of cancer vaccines has raised £1.55 million in an initial public offering (IPO) on PLUS. Scancell raised the money through AIM-listed broker St Helen’s Capital. 

Pentech closes software fund

Glasgow-based venture capitalist Pentech has raised £45 million for its latest fund, which will invest in software companies in the UK and Ireland. The fund will back businesses with global potential in the enterprise software, telecoms software, internet and mobile sectors.

Poll

Which currency will gain most this year?





Have your vote on current issues

People who read this also read

  • ISIS backs medical software developer

    ISIS Equity Partners has continued its strategy of investing in healthcare and IT by buying ScriptSwitch, a developer of medical prescription software. The deal is worth £9.9 million, of which ISIS is contributing £4.6 million through its Baronsmead VCTs.

  • £1.1 billion up for grabs

    If you’re running an ambitious company with £7 million or less of gross assets, you can make a bid for a portion of the £1.1 billion that Venture Capital Trusts (VCTs) have sitting on their balance sheets waiting to invest.

  • ISIS backs CableCom buy-out

    Networking and telecoms specialist CableCom has been bought by its management for £11.5 million. The buy-out was led by sales director Mark Burchfield, who has become managing director.

  • BSC exits Tekton

    The sale of unquoted Tekton, a supplier of software to the UK construction industry, went some way towards British Smaller Companies VCT (BSC) realising a total of £2.21 million from the sale of its private and AIM-quoted investments last year.

  • VCT managers see dip in quality of opportunities

    There are as many investment opportunities for VCTs as ever, but the overall quality of those opportunities is declining. That's the view of Stephen Hazell-Smith, chairman of Phoenix VCT, which invests in AIM-quoted companies, and chairman of PLUS Markets Group.

White Papers

Better Roads

Serves the information needs of governments and construction contractors involved in Federal, State, County, City and Township highway, road and bridge construction, winter maintenance, roadside and vegetation management and other highway-related projects.

Defense Technology International

Is the one publication focusing on the critical role of defense technologies in programs, policies, programs and funding, providing readers with integrated intelligence and global perspective in Land, Sea, and Air.

FierceGovernmentIT

Is a free, three times a week email briefing for government employees and contractors on the latest government technology news.

More