Praetura EIS 2019 Fund
Company Name:Praetura EIS 2019 Fund Minimum fundraise:£0* High Share Price Bid:£0
Business Sector:Professional services Total Funds Bid to Date:- Low Share Price Bid:£0
Auction period:16 Apr 2019 - 31 May 2019 Indicative Share Price:0.00 Average Share Price Bid:£0**
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.
NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

Need help?
+44 (0) 207 248 2788

back

Praetura EIS 2019 Fund

Interested in Praetura EIS 2019 Fund?
Register or log in to participate, create a watchlist, or set reminder

Company info

Praetura Ventures is seeking to raise £15,000,000 for its Praetura EIS 2019 Fund.

Praetura Ventures is a venture capital firm which has established its success by identifying a funding gap in the North West of England and focusing investment into fast growing SMEs.

The Praetura EIS 2019 Fund will provide investors with access to a unique selection of innovative growth companies that have an established proof of concept and commercial viability.

Highlights:

  • EIS fund targeting high growth and scalable businesses
  • Located in Liverpool and Manchester with a focus on the North West
  • Experienced team with over 250 years of experience and £8bn+ of transactions
  • Investment strategy to provide 'More than Money' to investee companies by adding significant value through the team's skillset, network and experience
  • The fund will be invested across a portfolio of 8-10 companies with investments ranging from £1-3m each
  • Targeting a minimum return of 2x capital
  • Minimum investment of £25,000
  • Closing date: Friday, 31st May 2019

Further information can be found in the Praetura EIS 2019 - Fund Brochure.

Deal Structure

Praetura Ventures is seeking to raise a minimum £15,000,000 for the Praetura EIS 2019 Fund and has a total target of £20,000,000.

Please visit the HMRC website for further information on EIS tax relief.

Exit Strategies

Praetura's mission is to develop SMEs to a position where an exit can be achieved to any potential purchaser including: trade sale; private equity; and public/private market listing.

An exit route is mapped out for every portfolio company and the outcome of key milestone is tracked during the porfolio monitoring processes. The exit strategy for each company will vary, however the target timeline for exit will be 5-7 years.

Fees

This summary should be read in conjunction with all documentation made available on this site. Please read the supporting documentation carefully before making any investment decision.

Instructions

You are reminded that investing in early stage and unquoted businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should only be done as part of a diversified portfolio. Asset Match is targeted exclusively at investors who are sufficiently wealthy and sophisticated to understand these risks and make their own investment decisions.

If you are interested in investing or would like to find out more, then please email dealing@assetmatch.com confirming how much you are looking to invest.

Key People

Mike

Mike Fletcher CEO, Group

Mike is former Managing Director at global investment bank GCA Altium and a Chartered Accountant (PwC). Mike is an experienced venture investor and advisor to some of the North West's leading entrepreneurs and investors. He co-founded Praetura in 2011 bringing with him specialisms in financial services, technology, ecommerce, support services and energy services.

   
David

David Foreman MD, Ventures

David co-founded Praetura with a background of over 12 years in corporate finance and venture capital. He qualified as an ACA with KPMG and has considerable experience in backing financial services and recurring revenue businesses. David has a focus on the application of data IT and technology to enable efficiencies within businesses.

   
Peadar

Peadar O'Reilly MD, Debt

Peadar, a founding partner at Praetura, has over 20 years secured lending experience having previously held senior roles at Bank of Ireland and ABN Amro.

He helped establish a successful UK ABL business for Bank of Ireland and is responsible for raising over £200m of bank facilities from mainstream and specialist institutions for the Praetura Group companies.

He is a founding Director of Praetura Asset Finance, Praetura Commercial Finance and Praetura Debt Co.