Mercia Asset Management PLC Mercia announces new direct investment
26 October 2021 - 5:00PM
RNS Non-Regulatory
TIDMMERC
Mercia Asset Management PLC
26 October 2021
RNS Reach 26 October 2021
Mercia Asset Management PLC
("Mercia", the "Group" or the "Company")
Mercia announces new direct investment - Forensic Analytics
Mercia Asset Management PLC (AIM: MERC), the proactive,
regionally focused specialist asset manager with c.GBP940million of
assets under management, is pleased to announce that it has
completed a GBP1.8million direct investment into a new portfolio
company Forensic Analytics Limited ("Forensic Analytics") alongside
a GBP2.7million investment by the Mercia managed Northern VCTs.
Following this investment, Mercia holds an 8.9% fully diluted
direct equity stake in Forensic Analytics, with the Northern VCTs
holding a further 13.9% fully diluted equity stake.
Launched in 2013, Forensic Analytics is a leading provider of
innovative software solutions to Government and law enforcement
agencies. It is an approved supplier to 95% of police forces in the
UK, as well as other national and international agencies, to
deliver digital forensic expertise that transforms the speed and
efficiency of investigations, live cases, and prosecutions.
Forensic Analytics was awarded the Queen's Award for Enterprise in
the Innovation category in 2021.
This combined investment will enable Forensic Analytics to
continue to rapidly scale, including further investing into its
innovative cloud-based software platform and expanding its sales
internationally.
Mark Payton, Chief Executive Officer of Mercia, commented:
"Forensic Analytics is yet another excellent example of the
innovation and entrepreneurship found in the UK; this investment
demonstrates our ability to provide flexible funding solutions to
such businesses, while also supporting our efforts to further build
on our diversified direct investment portfolio. As we continue with
our vision to be the first-choice investor for exciting regional
businesses at all stages of their development, we look forward to
working closely with Forensic Analytics as it further scales and
builds on its success to date."
-Ends-
For further information, please contact:
Mercia Asset Management PLC
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer +44 (0)330 223
www.mercia.co.uk 1430
+44 (0)20 7523
Canaccord Genuity Limited (NOMAD and Joint Broker) 8000
Simon Bridges, Andrew Potts
+44 (0)20 7496
Singer Capital Markets (Joint Broker) 3000
Harry Gooden, James Moat
+44 (0)20 3727
FTI Consulting 1051
Tom Blackwell, Louisa Feltes
mercia@fticonsulting.com
About Mercia Asset Management PLC
Mercia is a proactive, specialist asset manager focused on
supporting regional SMEs to achieve their growth aspirations.
Mercia provides capital across its four asset classes of balance
sheet, venture, private equity and debt capital: the Group's
'Complete Connected Capital'. The Group initially nurtures
businesses via its third-party funds under management, then over
time Mercia can provide further funding to the most promising
companies, by deploying direct investment follow-on capital from
its own balance sheet.
The Group has a strong UK footprint through its regional
offices, 19 university partnerships and extensive personal
networks, providing it with access to high-quality deal flow.
Mercia currently has c.GBP940million of assets under management
and, since its IPO in December 2014, has invested c.GBP111million
gross into its direct investment portfolio.
Mercia Asset Management PLC is quoted on AIM with the EPIC
"MERC".
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