Significant new investment into Warwick Acoustics

Summary by AI BETAClose X

Mercia Asset Management PLC has announced a significant new investment round into its portfolio company, Warwick Acoustics, which has raised £6.4 million with an additional £1.1 million anticipated, bringing the total potential funding to £7.5 million. Mercia contributed £0.7 million from its balance sheet, with the remainder coming from a Mercia managed fund, Northern VCTs, and other co-investors. This funding will support Warwick Acoustics' commercial growth, particularly its partnership with Jaguar Land Rover, and facilitate a move to new production facilities. Following the full funding round, Mercia will hold a 26.2% stake in Warwick Acoustics.

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