Firering Strategic Minerals: From explorer to producer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMercia Asset Share News (MERC)

Share Price Information for Mercia Asset (MERC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 30.00
Bid: 29.00
Ask: 31.00
Change: 0.00 (0.00%)
Spread: 2.00 (6.897%)
Open: 30.00
High: 30.00
Low: 30.00
Prev. Close: 30.00
MERC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Mercia Technologies By Enterprise Ventures For GBP11 Million (ALLISS)

Thu, 10th Mar 2016 09:36

LONDON (Alliance News) - Mercia Technologies PLC on Thursday said it has struck a GBP11.0 million deal to acquire Enterprise Ventures Group Ltd, a north of England-based early stage and growth finance provider.

Mercia will pay GBP9.0 million initially for Enterprise Ventures, split between GBP8.3 million in cash and a further GBP700,000 to be satisfied via the issue of 1.6 million Mercia shares. That would give the new Mercia shares a price of around 43.75 pence.

Mercia shares were up 1.0% to 41.90p on Thursday.

The rest of the consideration will be paid in Mercia shares over two years following completion of the deal, dependent on third-party funds raised by Enterprise Ventures.

Mercia said Enterprise Ventures has a portfolio of around 150 equity investments on its books and the deal will boost its geographic presence in the UK.

"This strategically-focused acquisition further scales Mercia's differentiated complete capital solution into the North of England, positioning the group as the leading go-to investor in and supporter of great technology success stories in the Midlands, the North of England and Scotland," said Mark Payton, Mercia's chief executive.

"With the scale, geographic reach, access to capital and investment expertise that the enlarged business offers, this represents a significant step towards Mercia becoming the market leader for the funding and development of high growth innovative businesses within our chosen sectors and geographies," he added.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

More News
31 Mar 2015 08:32

Mercia Technologies Invests GBP1 Million In Soccer Manager

Read more
19 Mar 2015 08:36

Mercia Says VirtTrade In Digital Cards Deal With Panini

Read more
18 Mar 2015 09:14

Mercia Technologies Invests GBP1 Million In Crowd Reactive

Read more
16 Feb 2015 08:40

Mercia Technologies Acquires Remaining 80% Of Mercia Fund 2

Read more
27 Jan 2015 09:05

Mercia Technologies Buys 21% Stake in VirtTrade For GBP1.5 Million

Read more
20 Jan 2015 08:13

Mercia Technologies Invests More In Virtual Reality Developer nDreams

Read more
14 Jan 2015 10:19

Mercia Technologies Names Former IMI CEO Martin Lamb To Board

Read more
1 Sep 2011 13:05

Merchant Securities confirms approach by Sanlam

Financial services firm Merchant Securities told investors on Thursday that an offer for the group, if made - following the approach by Sanlam UK the day before - will be satisfied entirely in cash and not in shares of Sanlam. Merchant, which provides investment management, corporate finance, tradi

Read more
22 Jul 2010 12:49

Small caps round-up: Japan Leisure, Merchant Securities, Finders ...

Japan Leisure Hotels, which rents out rooms to amorous couples looking for privacy, dropped after it said revenue and EBITDA levels for the year ending 31 December will be lower than current market expectations. Wealth manager Merchant Securities rallied after swinging to a full-year profit of £0.6

Read more
22 Jul 2010 07:43

Merchant Securities FY Pretax Profit GBP0.6M Vs Loss GBP4.6M

LONDON (Dow Jones)--Merchant Securities Group PLC (MERC.LN), which investment services to private clients and funds, said Thursday that for the year ended March 31, it made a pretax profit of GBP0.6 million compared with a loss of GBP4.6 million. MAIN FACTS: -Revenue increased by 40% to GBP7

Read more
22 Jun 2010 08:00

Merchant Securities Names 2 Senior Appointments

LONDON (Dow Jones)--Merchant Securities PLC (MERC.LN), a financial services group, Tuesday announces two key senior appointments; Lindsay Mair will join the Group's securities business as Head of U.K. Small Cap Sales & Research and Chris Smith has been appointed as a Senior Executive to establish a

Read more
21 Apr 2010 17:03

London close: Footsie gives back Tuesday's gains

The blue-chip index finished close to its lowest level of the day as a mid-afternoon rally fizzled out. Sentiment was not helped by the release of a UK gross domestic product forecast by the International Monetary Fund (IMF) which reiterated the body's January forecast of an insipid 1.3% growth rat

Read more
21 Apr 2010 14:32

London afternoon: Equities pare losses

Leading shares trimmed their losses over the lunch time session, but the Footsie remains in the red, in part due to a number of blue-chips going ex-dividend today. BHP Billiton is lower after a statement this morning that it may have broken US anti-corruption laws in some of its exploration project

Read more
21 Apr 2010 13:14

Small caps round-up: Corero, Ila, African Aura Mining

Software company Corero, which focuses on the banking, securities and education markets, rallied after announcing it has signed an agreement with African Alliance, an investment banking group operating in Africa, for its Blue Curve product suite. Ila's shareholders also cheered a new contract win.

Read more
8 Dec 2009 16:08

Small Caps round-up: Alternative Networks, Ascent Resources, Indian Film Company...

Telecoms services provider Alternative Networks reported lower revenues and profits as its small business customers spent less. Revenues fell 4% to £89.7m. Cutting £1m from operating costs helped to reduce the effect on profits, although lower interest rates hit interest income. Underlying pre-tax

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.