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Mercia acquires Enterprise Ventures Group Limited

Corporate 18 March 2016

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.

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