VCT News
Beringea portfolio company Espresso Group Limited is sold to US based Discovery Communications Inc
Market leading publisher of digital content for schools
London, 11 November 2013: Beringea, the growth capital investor that manages the Proven Venture Capital Trusts, announces that it has sold portfolio company Espresso Group Limited to Discovery Communications Inc. (Discovery).
ProVen Growth & Income VCT named as top dividend payer by AIC
New report published by Association of Investment Companies on VCT member dividends
London, 11th November 2013: ProVen Growth & Income Venture Capital Trust (VCT) managed by Beringea, the growth capital investor, has been named by the AIC as the VCT which has paid the highest amount of dividends since launch among the ten highest performing VCTs over the past 10 years. In a recently published report, the AIC states that "ProVen Growth & Income VCT has paid out the biggest total yield, at 154.9p per share, over the 12 years since launch".
ProVen VCT launches £20m Ordinary Share Offer
London, 22 October 2013: ProVen VCT today launched a new Offer of Ordinary shares to raise up to £20 million. The Offer enables investors to subscribe for shares in a mature VCT with an established portfolio of 28 small and medium sized private companies. The funds raised by the Offer will be used to support further investments by ProVen VCT in qualifying companies which, in the opinion of the Manager, have the potential for rapid growth.
Shareholder Event 2013
The ProVen VCTs held their annual Shareholder Event on Tuesday 15 October at the British Museum in London. The event received very positive feedback from the shareholders that attended. A full description of the day along with pictures from the event can be accessed here.
Beringea wins VCT Exit of the Year at the unquote British Private Equity Awards
Wins award for divestment of service design consultancy Fjord
London, 7th October 2013: Beringea, the growth capital investor that manages the ProVen Venture Capital Trusts, has won the 2013 VCT Exit of the Year at the unquote British Private Equity Awards for its divestment of service design consultancy Fjord. In May 2013 the business was sold to Accenture. Financial terms were not disclosed.
Beringea adds two to its investment team
London, 19th September 2013: Beringea, the growth capital investor that manages the Proven Venture Capital Trusts, today announces that it is expanding its investment team with two new hires: Rob Hodgkinson and Harry Thomas.
Beringea launches new debt-based Growth Finance business with the appointment of Mark Taylor
London, 4th September 2013: Beringea, the Growth Capital investor that manages the ProVen Venture Capital Trusts, today announces that it is creating a new debt-based Growth Finance business with the appointment of Mark Taylor.
Merger of ProVen Health VCT with ProVen Growth & Income VCT
London, 6th August 2013: ProVen Growth & Income VCT is pleased to announce that following receipt of shareholder approval from both companies, the merger of ProVen Health VCT (PHV) with ProVen Growth & Income VCT (PGI) has been completed.
Beringea exits service design consultancy Fjord
London, 22nd May 2013: Beringea, the growth capital investor that manages the Proven Venture Capital Trusts today announces that it has sold Fjord, a market-leading international service design consultancy. The terms of the transaction were not disclosed.
Monica Vinader closes £2.5m funding round from Beringea and the Clark Group
London, 21st May 2013: Beringea, the growth capital investor that manages the Proven Venture Capital Trusts today announces that it has invested £1.5m in a further funding round for Monica Vinader, the international high-end jewellery wholesaler and retailer. The Clark Group, former backers of Links of London, has also invested £1m as part of the deal.
Beringea Exits Portfolio Company Tossed – The Healthier Eating Place
London, 22nd April 2013: Beringea, the growth capital investor that manages the Proven Venture Capital Trusts today announces that it has sold Tossed, the healthier eating group, to management with the support of private investment for an undisclosed sum.
ProVen Growth & Income VCT Launches £15m Ordinary Share Offer
Beringea LLP is pleased to introduce a new £15m Ordinary Share Offer from ProVen Growth & Income VCT (“PGI VCT”).