VCT News
ProVen VCT launches a new £15m Ordinary Share Offer
Beringea LLP is pleased to announce the launch of a new £15 million Ordinary Share Offer into its generalist ProVen VCT.
Trevor Hope at the IHS Screen Digest 'Future of Digital Media Distribution' conference
Beringea Chief Investment Officer Trevor Hope was one of the panel in a discussion 'What do VCs look for in digital media investments?'.
Watch Pay TV in a multi screen world online, to see Trevor's comments and gain further insight into changes and opportunities in the future of digital media and TV.
ProVen Health VCT sells its investment in Onyx Scientific
London, September 16, 2011 — ProVen Health VCT, managed by Beringea LLP, has sold its investment in Onyx Scientific in a transaction which valued the company at £4.6m. Onyx Scientific provides a wide range of chemical services to the life sciences industry. In particular, its key focus is scaling up the synthesis of new chemical entities from micrograms to kilograms for pharmaceutical companies. Onyx specialises in medicinal chemistry, pre-clinical development and GMP scale-up, in addition to offering a comprehensive range of analytical services. ProVen Health VCT invested £750,000 in Onyx in June 2007.
Beringea invests in PolyTherics
August 30, 2011 — Beringea, manager of the ProVen VCTs, today announced that it has invested £750,000 into PolyTherics Limited ("PolyTherics"), a solution provider to biopharmaceutical companies, for the improvement of protein and peptide based drugs, alongside existing investors Imperial Innovation and The Capital Fund. The total round was £2.15 million.
Beringea invests in Community Pharmacy LTD
August 30, 2011 — Beringea, manager of the ProVen VCTs, today announced that it has invested in Community Pharmacy Ltd ("CPL") which is a newly established chain of pharmacies. The business was started 12 months ago by Andrew Murray, a very experienced founder and manager of pharmacy chains. CPL will particularly focus on GP centre- based pharmacies, a fast growing segment in the industry.
VCT scam alert - Brenner and Associates
August 12, 2011 — We have been made aware of a shareholder in ProVen Growth and Income VCT plc (PGIVCT) having received unsolicited calls and correspondence from a company called Brenner and Associates (www.brennerconsultancy.com) offering to buy shares in PGIVCT. Please note that PGIVCT and the manager Beringea LLP is in no way connected to this company and we believe the information being given out to be incorrect. We have advised the Financial Services Authority.
Beringea Exits Portfolio Company Steak Group Ltd.
LONDON, June 3, 2011 — Beringea, manager of the ProVen VCTs, today announced that it has sold its equity interest in Steak, a digital media company, with offices in London, New York and Melbourne, to Dentsu, the world's #1 consolidated agency network.
Beringea Invests in Software Business MatsSoft.
16th March 2011 - London - Beringea, manager of the ProVen VCTs, has announced it has provided a £2.65 million investment package to software company MatsSoft. This expansion capital funding will come from ProVen VCT and ProVen Growth & Income VCT.
Update on share offers
7th March 2011 - The share offers for ProVen Growth & Income VCT, Proven Planned Exit VCT and ProVen Health VCT are all still open. The ProVen VCT share offer for the 2010/11 and 2011/12 tax years has now been fully subscribed and no further applications are being accepted. For more information, please call Beringea on 0207 8457820.
ProVen VCTs Announce Dividend Payments Following Disposal of Saffron Digital
15th February 2011 - Following their disposal last week of their investments in Saffron Digital for 5.8 times the original cost, ProVen VCT and ProVen Growth & Income VCT have announced dividend payments to Ordinary shareholders.
Beringea and YFM Equity Partners Invest in CInergy International Limited
mobilife.com, the first independent mobile comparison service offering tailored deals to UK customers, raises expansion capital funding
14th February 2011 - London - Beringea, manager of the ProVen VCTs and YFM Equity Partners, which manages The Capital Fund, have announced their investment into CInergy International Limited - the provider of mobile phone comparison service www.mobilife.com. This is a first investment by Beringea, who led the deal, and a follow-on investment for YFM Equity Partners.
Beringea exit of Saffron Digital values company at £30million
7th February 2011 - Beringea, the international venture capital firm and manager of the ProVen VCTs announced today that it has sold its stake in Saffron Digital, a developer of video delivery platforms, to the HTC Corporation, a global designer of smartphones. In 2007 Beringea invested £1.15m in Saffron Digital through its ProVen VCT & ProVen Growth & Income VCT. The deal values the company at £30m and generated an IRR of 65%, on an investment return of 5.8x, for the two VCTs.
Potential Scam Alert - Jacobson Group
25th January 2011 - We have been made aware that some of the ProVen VCTs' shareholders have been receiving unsolicited calls and follow up information from a company called The Jacobson Group (www.jacobsongroup.net).
Please note that The Jacobson Group is in no way connected to the ProVen VCTs or the VCTs' manager Beringea LLP. We believe the information being given out by this company to be incorrect and we have advised the Financial Services Authority.