NetScientific PLC - London-based investor in life sciences companies - Invests GBP1 million into Martlet Capital Ltd, which is looking to raise a total of GBP22 million over the next six months to fund the acquisition of a portfolio of minority interests in the Cambridge high-tech cluster.
Investment leads to initial equity interest of 6.8% in Martlet. Looking ahead, NetScientific expects to establish a follow-on funding vehicle Cambridge Marquity Investments Ltd with Martlet and Saranac Partners. Group will invest GBP100,000 into vehicle for 40% stake.
Current stock price: 115.30 pence
Year-to-date change: up sharply from 46.50p
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Netscientific (NSCI)