Business
Mercia announces new direct investment
Mercia announces new direct investment.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1760Q\n Mercia Asset Management PLC\n 26 October 2021\n \n \n \n \n \n \n \n RNS Reach\n \n \n \n \n 26 October 2021\n \n \n \n \n \n \n \n \n Mercia Asset Management PLC\n \n \n \n \n \n (\"Mercia\", the \"Group\" or the \"Company\")\n \n \n \n \n \n Mercia announces new direct investment - Forensic Analytics \n \n \n \n \n \n Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£940million of assets under management, is pleased to announce that it has completed a 1.8million direct investment into a new portfolio company Forensic Analytics Limited (\"Forensic Analytics\") alongside a £2.7million investment by the Mercia managed Northern VCTs. \n \n \n \n \n \n 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.\n \n \n \n \n \n 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. \n \n \n \n \n \n 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. \n \n \n \n \n \n \n Mark Payton, Chief Executive Officer of Mercia, commented:\n \n \"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...