MBM’s Early Stage Investment Advisory Story

Over recent months MBM’s corporate team has been busy on a variety of corporate deals. We can’t list them all but we hope the deals which we have set out below help highlight what we have been up to and give you a flavour for some of the work that we regularly advise on.

We have been busy setting up a number of investment funds and these include Passion Capital, who have raised their second enterprise capital fund of £45m; and Agathos who have launched their first fund which utilises family office funding to invest in UK SME’s in deals of up to £5m per transaction. To date, we believe that MBM have advised on the set up of more enterprise capital funds than any other law firm in the UK.

A number of our clients have secured funding from a number of large corporates and these include Mallzee, who have secured £2.5m from investors including Royal Mail Group; and Sensewhere, who have secured a significant Series B investment and strategic partnership deal with Chinese internet giant, Tencent.

Several clients have been successfully sold with our assistance to listed or international acquirers. These deals have ranged from medical devices, to oil and gas services, to digital learning businesses.

Mezzanine debt funding deals have included advising Spaceright Europe on their acquisition funding deals and advising Maven Capital Partners on behalf of the Scottish Loan Fund in relation to their £2m secured lending deal to the Interactive Design Institute.

Some angel funding deals seem to be getting larger and larger and special mention should be made toArchangel Investors who recently invested £2m alongside the Scottish Investment Bank in Calcivis as part of a £4.5m funding deal. MBM are pleased to have advised Archangel on this and several other seven figure investment deals that have been led by them. Archangel have recently published a study which looks at the economic impact of Archangels on the Scottish Economy over the last 22 years which is available toview here.

Crowdfunding is a relative newcomer which is now accounting for an increasing number of companies with B2C business propositions who need to raise seed and series A funding. We are delighted to have advisedFlavourly in relation to its recent series A fundraise on crowdcube (significantly more than what was offered to them on Dragon’s Den!) and to have initiated and advised ShareIn on its recent $1m funding transaction to launch its new business model as a crowdfunding platform.

Last but not least we are pleased to have advised Celtic Renewables on their £11m grant funding deal from the UK Department for Transport. This is one of the largest grants made available by the UK government to a SME company and will help the company build its first biofuel facility that will help turn whisky waste into a low carbon biofuel. Celtic Renewables also recently won the industrial biotech category of the 2015 Most Innovative European Biotech SME Awards.

Commenting on the various deals, MBM’s newly appointed Head of Corporate, Kenny Mumford said:

“We are greatly privileged at MBM to have a constant flow of exciting deals that are helping to scale up a number of high growth and other exciting companies. It really is an exciting time to be able to play a small part in “making the future” and help introduce new investment capital into the UK economy and assist innovative and entrepreneurial companies with their business expansion plans, often on a global basis. We have seen more client businesses going to an exit event this calendar year than at any time over the past ten years and often involving an international acquirer.”

If you would like to find out more about how MBM can help you with your funding, sale or other corporate deal then please contact Kenny Mumford on 0131 226 8205 or kenny.mumford@mbmcommercial.co.uk or otherwise speak to your usual contact at the firm.