GrowthBusiness.co.uk: Your gateway to entrepreneurial success

Simon Daniel

Back to the future

Now the recession is apparently over, global companies are back to thinking about the future...

RSS

Market and Sector Type:: Banking & Finance

Albion seeks £25 million for VCT

Article Date: Jun 18 2009

Venture capital trust manager Albion Ventures, formerly known as Close Ventures, is offering up to £25 million of ‘D’ shares in its Development VCT.

This would create a new class of shares in the VCT, which has raised more than £33 million since it was created in 1999. The ‘D’ shares will eventually merge with the ordinary shares.

The valuation of investments held by Albion Development VCT declined by 15 per cent last year, at the end of which it held more than a quarter (27 per cent) of its assets in cash.

Albion Ventures was spun out of investment bank Close Brothers in January in a management buy-out led by managing director Patrick Reeve.

Interesting links

Comments

There are currently no comments on this article

Selecting the right IT strategy in 2010

Owner managers and CEOs of fast-growing companies want IT-applications that accelerate competitive advantage and improve operational efficiency. This free whitepaper helps you plan and choose the right IT strategy for your business in 2010. Download ‘Selecting The Right Software Vendor’.

Get started with Barclays Business Banking

Choose from 3 great Start-up packages offering a range of business and banking solutions, from cashflow management software (QuickBooks or Sage) to VAT management solution. Plus, up to 2 years FREE banking (conditions apply). Apply online.

Secure early payment for your unpaid invoices with Simply Business

Simply Business works with a carefully selected panel of the UK's leading factoring and invoice discounting providers. Find out your cash flow options in minutes, you could have 90% of your invoices paid in 24 hours. To find out more click here

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.

The Media Magnate Awards 2009

26th March, Vinopolis, London

Jeyes in £20 million refinancing

Hygiene product company Jeyes, which is part-owned by private equity firm LGV Capital, has secured an asset-based lending facility worth £20 million.

Growth companies to benefit from fundraising bonanza

As much as £300 million is expected to be raised this tax year for investment in growing businesses, according to fund managers.

Jaeggi to chair The Founders Club

A network of VC-backed entrepreneurs who agree to share profits from their exits has appointed private equity chief André Jaeggi as group chairman.

Poll

Have your vote on current issues

People who read this also read

Octopus backs Phase Vision
Phase Vision, a manufacturer of optical inspection tools, has received £1.1 million from funds managed by Octopus Ventures.
European VCs must raise their game, says Doug Richard
Doug Richard, CEO of research company Library House and former star of TV show Dragons’ Den, says that European venture capital (VC) has some way to go before catching up with the US. The comments follow research from Library House that shows the value of European VC investment contracting further.
VCT and EIS rules to change
Venture capital trusts and the Enterprise Investment Scheme are to be opened to companies with substantial non-UK operations from next year.
Tottel sold to Harry Potter publisher
Matrix Private Equity Partners has sold law and tax publishing company Tottel to Bloomsbury, the publisher of the Harry Potter novels.
Get the right exit price
It's more important than ever for those selling their business to think about the key points the buyer will find attractive.

Latest VC Deals

Latest Deal Zone deals
Company	Type	Date
Jeyes	VC	Feb 2010
PrismTech	VC	Feb 2010
iVision UK	VC	Feb 2010
Synseal Extrusions	VC	Feb 2010
Mi-Pay	VC	Feb 2010
AQS	VC	Feb 2010
HCT Group	VC	Feb 2010
FDM Group	VC	Feb 2010

Active Advisers: VCT Fund Manager

Active Advisers
Company	Name	Tel
Electra Partners	Nick Ross	020 7214 4200
M D Barnard & Company	Michael Barnard	01268 493 333
Aberdeen Asset Managers	Bill Nixon	0845 300 2830
J O Hambro Capital Management	Martin Hensley	020 7747 5678
Arc Fund Management	Chris Rowe	020 7623 3345
Northern Venture Managers	Alistair Conn	0191 244 6000
YFM Private Equity	Tracey Parker	0113 294 5000
Limelight VCT	Michael Henry	020 7898 9044
Shore Capital	Craig Cowen	020 7408 4050

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.

GrowthBusiness.co.uk: Your gateway to entrepreneurial success

Nick Britton

Simon Daniel

Michael Jackson

Chris Ingram

Sign up / Login

Edit profile / Log out

Albion seeks £25 million for VCT

Interesting links

Comments

Related articles

Poll

People who read this also read

Site map

GrowthBusiness Highlights