A venture capital fund in the Republic has said it hopes a new €135m (£116m) fund can be used to support some SMEs in Northern Ireland.
MML Growth Capital Partners Ireland has already supported Lowe Rental in Lisburn and Ashdale Care, based in Co Tyrone.
It provides growth capital to SMEs for purposes including expansion, acquisitions and management buyouts.
In 2018, catering rentals company Lowe Rental sold a majority share to Perwyn in London for £60m in one of NI s biggest private equity deals.
The deal with Perwyn was done after MML realised its investment in Lowe Rental, made in 2014. Its interest in Ashdale, which provides specialist residential care to young people and is based in Ballygawley, is still active.
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Former Crowdfunding Platform Syndicate Room Receives £10 Million Commitment from British Business Bank for Investments
British Business Investments has committed £10 million to
Syndicate Room. British Business Investments is a subsidiary of the B
ritish Business Bank. Syndicate Room was previously an investment crowdfunding platform that has since migrated to a fund model.
According to a noted from Syndicate Room, the £10 million commitment from British Business Investments’ Regional Angels Programme will be invested over a five-year period. Syndicate Room will target a minimum of 250 investments, supporting the Regional Angels Programme’s objective to address regional imbalances and diversify the availability of angel finance.
UK Fintech Liberis Secures £70 Million in Financing & Venture Debt to Grow Embedded Business Finance Platform
Liberis, a UK-based fintech, announced on Tuesday it secured £70 million in financing from long-term partners British Business Investments, Paragon Bank, BCI Europe, as well as financing and venture debt from new partner Silicon Valley Bank (SVB). The newly acquired funds brings Liberis’ total funding to £200 million in total, including over £50 million in equity funding.
As previously reported, Liberis provides finance for small businesses. It funds from 2,500 to £300,000 to limited companies, partnerships, and sole traders. Liberis claims it has provided small businesses with more than £450 million in funding of which the majority through its innovative Funding-as-a-Service platform with integrated partners.