MERC - Mercia Asset Management well-funded and seeing growing opportunities to deploy capital
(NewsDirect)
Mercia Asset Management PLC (AIM:MERC) CEODr Mark Payton speaks to Thomas Warner from Proactive after thespecialist asset manager announced it has successfully disposed of itslargest direct investment nDreams, a virtual reality studiospecialising in developing and publishing VR games, in a profitablesale to diversified video gaming investment group Aonic.
Dr Payton starts by giving a briefoverview of the business, highlighting Mercia's primary focus onventure capital, which accounts for about half of its capitaldeployment. Mercia operate across the UK with 11 offices, supportingentrepreneurs and startups.
He goeson to explain the background to the disposal of nDreams, noting thatthe transaction has allowed Mercia to realise a substantial return onits investment. Dr Payton emphasises Mercia's ongoing commitmentto the growth of the UK's entrepreneurial ecosystem and theirstrong belief in the potential of their portfolio companies.
Despite challenging economic conditions, Mercia remains activein identifying and seizing investment opportunities, with a focus onlong-term growth and support for serial entrepreneurs. The interviewconcluded on a positive note, highlighting Mercia's role as asupportive investor in the UK's startup landscape, poised tocontinue backing ambitious entrepreneurs in their journey towardsuccess.
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