Acquisition of Nexus Investments Evergreen EIS

Oberon Investments Group PLC

20 July 2023

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Which is part of the United Kingdom domestic law pursuant to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ("UK MAR").
 

20 July 2023

Oberon Investments Group plc

('Oberon')

Acquisition of Nexus Investments Evergreen EIS Scale Up Fund

('Nexus EIS Fund')

Oberon Investments Group plc (AQSE: OBE), the boutique investment management, wealth planning and corporate broking group, is pleased to announce that it has exchanged contracts with Nexus Central Management Services Limited to acquire Nexus Investment Management Limited, the manager of the Nexus Investments Evergreen EIS Scale-Up Fund ['Nexus EIS Fund']. The purchase is subject to FCA approval.

The acquisition will be funded through the issue of 7.5m new ordinary shares in Oberon. The acquisition will contribute a profit before tax after management expenses and admin expenses and Oberon is focused on providing a seamless transfer of investment management services to investors in the Nexus EIS Fund.

The Nexus EIS Fund has a 15-company strong portfolio across Digital, Data, EdTech and Health which strengthens Oberon's offering to investors who wish to benefit from Enterprise Investment Scheme tax relief ['EIS'] and companies seeking EIS investment.  The acquisition of the Nexus EIS Fund will augment Oberon's existing 'Oberon EIS Fund' and complements our offer to growing companies seeking investment through Oberon Capital and Oberon Private Ventures divisions, thus further enhancing Oberon's expertise in these verticals.

Oberon Chief Executive Officer Simon McGivern said: 

"The acquisition of the Nexus EIS Fund further reinforces Oberon's focus on building out our investment offering to clients and bolsters our existing Oberon EIS Fund. Investors in the Nexus EIS Fund will benefit from Oberon's access to a wide network of investment opportunities and from the extensive expertise within Oberon Investments and its comprehensive wealth management services."

Enquiries:

Oberon Investments Group plc Simon McGivern / Galin Ganchev	020 3179 5300
Novum Securities Limited (AQSE Corporate Adviser to the Company) Richard Potts, George Duxberry	020 7399 9400
Oberon Capital (Broker to the Company) Mike Seabrook, Nick Lovering	020 3179 5300

 

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