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RNS Number : 5508Y
Forward Partners Group PLC
17 January 2022
17th January 2022
Forward Partners Group plc
("Forward Partners", the "Company" or the "Group")
Appointment of new Group Chief Financial Officer
Forward Partners, the London-based investment firm listed on
AIM, today announces the appointment of Lloyd Smith as Chief
Financial Officer with effect from 21 March 2022.
Lloyd joins from the ATI Group, a provider of legal technology,
software and information services, where he held the position of
Chief Financial Officer at several of its UK and Ireland
businesses. Prior to joining ATI, he spent five years in audit at
EY and four years in PwC's Deals Team working with a mix of private
equity firms, AIM-listed businesses, banks and other private
companies.
Matthew Bradley, Forward Partners' current Chief Financial
Officer and Chief Investment Officer, will be leaving the Company
in June.
Nic Brisbourne, CEO, said: "We're delighted to welcome Lloyd to
the Forward Partners family. He brings a deep experience of venture
scaling from his time at ATI and a strong practice background from
two of the big four accountancy firms. I look forward to working
with him as we grow the Group.
"Matt has been a fantastic colleague for over seven years,
almost from the start of our journey as a fund, and through to our
successful IPO last summer. I would like to thank him for
everything he has done for the business, both as CFO and leading
the investment team. On behalf of everyone at the Company, we wish
him every success in the future."
Matt Bradley added: "Forward Partners has an exciting future
ahead and a unique place in the venture capital landscape. It has a
rare public listing, making venture capital accessible to everyone,
and unlike most other VCs firms, it offers early-stage start-ups
much more than just money. It was a great pleasure to help grow the
portfolio and build the business for over seven years. Taking the
Group through to IPO was a highlight and I wish the brilliant
Forward Partners team every success in the future."
The Company expects to provide an update on trading in the
second half of FY21 and outturn for the year, including progress
within the existing portfolio and several new investments, in the
second half of February.
As required under Schedule Two, paragraph (g) of the AIM Rules
for Companies, further disclosures on Mr Smith are as follows:
Lloyd Smith, aged 39, has held the following directorships
and/or partnerships in the past five years:
Current directorships and/or Past directorships and/or partnerships:
partnerships:
Practice Evolve UK Limited P O Property Company Limited
----------------------------------------
There is no further information on Mr Smith required to be
disclosed under Schedule Two, paragraph (g) of the AIM Rules for
Companies.
Ends
Enquiries
FORWARD PARTNERS GROUP Via Maitland/AMO
PLC
Nic Brisbourne, Chief
Executive Officer
Liberum Capital Limited
(Nominated Adviser Tel: +44 20 3100 2222
and Broker)
Neil Patel
Lauren Kettle
Edward Phillips
Cara Murphy
Maitland/AMO
(Financial PR)
Sam Turvey Tel: +44 (0) 207 379 5151 or forwardpartners@maitland.co.uk
Kate Pledger
About Forward Partners
Founded in 2013, Forward Partners is an established and
respected London-based investor, specialising in supporting high
growth, early-stage technology businesses.
The Group brings together venture capital provider Forward
Ventures, equity-free revenue-based financing through Forward
Advances and highly specialised growth support from Forward Studio.
This model supports founders to build stronger businesses faster to
provide better outcomes for companies and investors alike.
The Group makes equity investments in early-stage, high growth
UK companies, and from inception to its admission to London's AIM
market in July 2021 had made over 60 unique investments and built a
portfolio with an Initial Portfolio NAV in excess of GBP100m. It
holds an eight-year track record of making venture capital
investments, and targets underlying NAV growth of 20% per annum
over the cycle.
The management team brings together highly experienced venture
capitalists, entrepreneurs, and expert consultants. Since 2015,
Forward Partners has been backed by BlackRock, one of the largest
institutional investors in the world. The Group receives over 4,000
start-up funding applications every year.
For more information, visit https://forwardpartners.com .
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END
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