Pembroke VCT launches share offer to raise up to £60m

Over-allotment facility of up to £20m

clock • 1 min read

Pembroke VCT has launched a new share offer to raise up to £60m to invest in new opportunities and continue supporting its existing portfolio companies.

The subscription offer is for up to £40m of B ordinary shares, with an over-allotment facility for up to a further £20m of B ordinary shares.  Pembroke, which holds £216m in assets and is part of the €9bn private equity firm Oakley Capital, will aim to deploy 30% of funds raised in new opportunities and 70% in follow-on investments in existing holdings, with 80% of the funds raised invested within 12 months. Guinness Ventures launches VCT The VCT invests in early-stage, founder-led, high-growth businesses in the traditional consumer, business services and technology sectors. The po...

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