SEGF Exits SEAL Analytical -
July 2008 |
SEGF successfully exited SEAL Analytical to Porvair PLC, a London Stock Exchange listed company, in July 2008. SEAL Analytical Ltd has been in the discrete environmental and industrial analysis market in the UK for over 20 years where it holds a dominant position in the water analysis market. SEGF invested a total of £500,000 into the company since its initial investment in April 2003 and worked closely with management to grow the business organically and through acquisitions.
Full details of Porvair PLC’s acquisition of SEAL Analytical Ltd can be found on the London Stock Exchange website. |
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SEGF Secures Successful Exit from Hockway Limited -
November 2007 |
SEGF has completed an exit deal for Hockway Limited, 23 months after its initial investment. This has been achieved through the completion of a secondary management buy-out backed by new investors, who will also provide further capital investment to support the company’s continued growth. This was a solid result for the fund over a relatively short period and generated an IRR of 27%.
Click here to read more (pdf) |
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SEGF Leads £1.6m Syndicated Round into Anaxsys Technology -
November 2007 |
SEGF has led a syndicated investment round into Anaxsys Technology to support the full commercialisation of its innovative diagnostic device, enabling the rapid and accurate diagnosis of asthma, including within babies, infants and younger children. SEGF invested alongside the Mercia Technology Seed Fund, amongst others.
Click here to read more (pdf) |
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SEGF Invests £250k into Nationwide Accreditation Bureau Ltd -
October 2007 |
SEGF has announced an equity investment of £250,000 into Nationwide Accreditation Bureau Limited (“NAB”), to enable the company to continue its rapid expansion and development. NAB is a leading supplier of background checking services for employees in highly regulated markets. NAB has significant experience in the health care industry and has recently also won contracts for the accreditation of temporary and permanent workers in both leisure and car parking industries.
Click here to read more (pdf)
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SEGF Invests Further £250k in to Synermed -
October 2007 |
SEGF has undertaken a second round equity investment of £250,000 into Synermed Europe, to enable the company to continue its expansion plans, following the management buyout in April 2006 which was supported by SEGF.
Synermed Europe develops and markets clinical chemistry diagnostics systems for both human and veterinary markets.
Click here to read more (pdf)
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SEGF invests a further £250k in Woodcote Software Ltd -
July 2007 |
SEGF has completed the second tranche of its £500k investment in recruitment software specialist Woodcote Software following its initial investment late in 2006. This round of funding, alongside personal investment from a number of the group’s directors and senior managers provides further expansion capital in support of new CEO, Nick Ray, who bought into the business late in 2006. Woodcote Software is the holding company for two businesses servicing different parts of the recruitment industry. Voyager Software provides solutions to small and medium recruitment consultancies and has been trading since 2001. ExpressHR is an early stage business supplying innovative Software as a Service platform for large employers and their recruitment partners to manage volume recruitment of temporary, contract and permanent labour.
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SEGF Leads Major Investment Round into OGS -
February 2007 |
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SEGF has led a major syndicated investment round for existing portfolio company Oxford Genome Sciences. The money will be used to further develop the company’s exciting portfolio of protein biomarkers. Click here to read more (pdf)
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SEGF Successfully Exits Investment in Herb UK -
January 2007 |
The fund has exited its investment in Herb UK Limited through the completion of a management share buy-back. The investment generated an undisclosed return, but which was said to be “a great result for the fund, generating a good cash multiple and overall IRR.” |
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SEGF Syndicate invests over £1 million in Imagineer Systems Ltd -
July 2006 |
A Syndicate of SEGF, London Seed Capital and Oxford Technology 4 VCT amongst others, provided development capital of over £1m into imagineer Systems Ltd, a company which develops a suite of advanced software tools forprofessional film and video industry. |
South East Growth Fund is managed by West Midlands Enterprise Ltd. West Midlands Enterprise Ltd is a company registered in England No 1616121, registered office: Wellington House, 31-34 Waterloo St, Birmingham, B2 5TJ. Authorised and regulated by the Financial Services Authority in the conduct of its designated investment business. |
