Pictured: Dr. Mark Payton, Managing Director of
MFM
Mercia Fund Management (MFM) has launched the Mercia Growth EIS
Fund for tax efficient investment in its existing and future
technology portfolio, which spans medical technology, clean
technology and electronics, telecoms and software.
The Mercia Growth EIS Fund is open to investors with a minimum
of £25,000 to invest and who are looking to enhance their
investment portfolio with high growth technology businesses.
The MFM portfolio focuses on high growth scalable businesses
which have modest capital needs and are four years away from
profitability or exit.
MFM has a strong track record of sourcing, investing and growing
the revenue base of scalable technology-backed businesses, examples
of which include Allinea, Intelligent Orthopaedics, Warwick Audio,
LM Technologies and Concurrent Thinking. To boost its portfolio,
MFM is also expanding its geographical footprint by actively
seeking new investable companies outside the Midlands region, where
it originally established its investment track record in 2007.
Run by a team of experienced technology-focused investment
professionals, MFM has a strong deal flow resulting partly from the
investment team's relationship with eight universities, including
Birmingham and Warwick, which have been a key source of deal flow,
due diligence and expertise.
MFM recognises EIS as a highly attractive, tax-efficient
investment vehicle for professional investors, UK wealth managers
and UK family offices. Advantages include 30% income tax relief,
capital gains tax deferral, tax free capital gain, 100% exempt from
inheritance tax after two years and loss relief.
Dr. Mark Payton, Managing Director of MFM said: "Mercia Growth
EIS Fund is perfectly positioned to help high earners seeking tax
efficient investments in the technology sector. We see our EIS Fund
building on the successes of Mercia Funds 1 and 2 which have
collectively invested in excess of £9 million and leveraged
additional funding of circa £50 million in 34 businesses to
date.
We were delighted by the response at our launch event in Oxford
earlier this month and are confident that our experience and deal
flow will help us to raise the £6-10 million we are
targeting."
The Mercia Growth EIS Fund closes on 5th April 2012, but may
close sooner if the investment target is reached.
Past performance is not a guarantee of future returns.