Replace on Seedrs x Crowdcube Merger

The UK Competitors and Markets Authority (CMA) printed its provisional findings on our proposed merger with Crowdcube immediately, they usually exhibit that the CMA stays decided to dam this transaction.

We’re deeply dissatisfied with these findings, and we firmly disagree with the CMA’s view that this may be an anti-competitive transaction. We consider strongly and unreservedly that this merger would have a extremely constructive final result for British small companies, serving to to supply very important funding for hundreds of bold corporations sooner or later.

We’re evaluating the CMA’s findings and contemplating our subsequent steps. Nevertheless, as we think about a potential future as a standalone enterprise, we’re happy to have the ability to say that we’re within the strongest place now we have ever discovered ourselves. In Q1 2021 now we have delivered over 100% year-on-year income development towards Q1 2020 (which was itself a really sturdy quarter), and our pipeline for Q2 is already forecast to beat our bold targets.

And whereas a lot of this income continues to return from our major fundraising campaigns, our Secondary Market and Secondary Campaigns are rising quickly, and because the first vintages of our portfolio proceed to mature, we’re seeing extra exits at increased multiples than ever earlier than—that means that now we have generated extra carry income within the first quarter of 2021 alone than now we have in any earlier full yr.

So whereas we predict the CMA has gotten it incorrect, and we’ll touch upon them in the end, we’re assured in our success whichever path we go down.

We might be again in contact shortly to announce our subsequent steps.

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