Oberon Investments Group plc has secured the FCA’s approval for the change of control in Nexus Investment Management Limited and has consequently finalised the acquisition of the Nexus Investments Evergreen EIS Scale-Up Fund (Nexus EIS Fund).
The boutique investment management, wealth planning and corporate broking group funded the acquisition by issuing 7.5 million new ordinary shares.
The Nexus EIS Fund, with a diversified 15-company portfolio across digital, data, edtech and health, enhances Oberon’s capabilities for investors seeking Enterprise Investment Scheme tax relief (EIS) and companies pursuing EIS investment.
Oberon shared that it aims to ensure a smooth transition of investment management services for Nexus EIS Fund investors.
The acquisition strengthens Oberon’s existing Oberon EIS Fund and complements its offerings to growing companies through Oberon Capital and Oberon Private Ventures divisions, reinforcing expertise in these sectors.
Oberon has shared that it will apply to the Aquis Stock Exchange for the 7.5 million new ordinary shares to start trading. The admission and trading are expected to begin around 08:00 on December 21, 2023.
Oberon CEO Simon McGivern expressed delight at securing FCA approval, reinforcing EIS offerings and welcoming Nexus EIS Fund investors to Oberon.
© 2023 funds europe
