Oberon Investments receives green light to acquire Nexus Investment Management
- On December 20, 2023
- By GrowthInvest Marketing
Boutique asset manager Oberon Investment has received regulatory approval from the Financial Conduct Authority to buy Nexus Investment Management.
The acquisition was first announced on 20 July 2023, and includes the purchase of the Nexus Investments Evergreen EIS Scale-UP fund from Nexus Capital Management.
In a stock exchange notice today (18 December), Oberon explained that the acquisition was funded via the issuance of 7.5 million new ordinary shares in Oberon.
The Nexus EIS fund has a portfolio of 15 companies across the digital, data, education technology and health sectors, expanding Oberon’s offering to investors wishing to tap into Enterprise Investment Scheme tax relief.
The asset manager said that an application will be made to the Aquis Stock Exchange for the 7.5 million new ordinary shares to be admitted to trading, with admission and dealings expected to begin on 21 December 2023.
This will bring Oberon’s total issued share capital to 615,086,322 ordinary shares of 0.5 pence, each with one voting right. The company does not hold any shares in treasury, it added.
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