Finance Yorkshire’s Post

MWA Financial Advice has partnered with specialist finance house Frontier Development Capital (FDC) to support its Future Buy Out (FBO) organic growth initiative. The two businesses have agreed a long-term partnership that will see FDC provide MWA with access to a pool of capital to support its FBO programme through 2025 and beyond. The FBO programme is designed to appeal to high-quality advisers looking for bespoke succession plans. Coniston Capital https://lnkd.in/eh8q-VZX

I enjoyed the British Business Bank launch of NPIF 2 – It was great to see a number of old faces as well as new ones too.   The 3 key messages for me were;   1. This fund is to build on the achievements on the first fund (I have had the privilege to invest as a fund manager and also introduce business to the fund in my last two roles) and have seen first-hand how important it can be for smaller businesses to access funding and watch them grow off the back of that funding. I'm sure NPIF 2 will develop on that.   2. The new fund managers announced are keen to invest and will no doubt look to engage with businesses across the regions in order to deploy investments in the sub regions. The Access to finance team in Lancashire have established relationships with the local fund managers – GC Business Finance River Capital FW Capital & Praetura Ventures.   3. I also enjoyed the insights from the panel especially the comments from Charlotte Scott from Innovation SuperNetwork who commented on a belief of mine especially in the equity investment space, that quite simply investment doesn’t start & end with a glossy and polished pitch deck. In fact, that’s when the due diligence starts and the hard work sits behind the pitch deck, the business plan, the integrated financials, the management team, valuation, legals, IP, advance assurance on HMRC schemes just to name a few.   This is where support from the Eco-system is required in order to ease access these funds and ensure the businesses are truly investment ready (or the best they can be) before they get in front of an investor. That’s where the expertise of the Boost Access to Finance team comes in. Get in touch to discuss your funding growth plans.

PE have a great cash culture to allow their portfolio companies treasury efficiency however the integration period is so dense that some treasury topics are sometimes overlooked. Don’t hesitate to get in touch if you want to benefit from our experience #treasury #advisory #privateequity

Victorian Stamp Duty - fund builds post Oliver Hume   Firstly let me own up to the fact that I am not a stamp duty expert and acknowledge that many people will write better and more learned summaries of the fall-out from Oliver Hume. My purpose in reading the materals and especially DA-057v2 was to try and understand the potential scope of the damage on fund builds What I have gleaned is that any acquisitions which are made subject to and conditional on each other will likely be caught. This seems to include most typical fund builds where investors subscribe conditionally on each other and/or a minimum level of subscription. In an example from the DA, a cornerstone investment where the cornerstone is subject to a minimum level of other investment would likely be caught.   I have assumed (until some tells me otherwise) that fund builds which occur before there are any assets in place should not be within scope but have questions regarding the outcomes where the Victorian asset is under option or otherwise contemplated at the time of the fund build.   M&A activities are also interesting. Based on the analysis in the DA, a group of independent parties may, even if they are not associated persons, depending on the circumstances, be involved in an associated transaction. Examples of relevant facts include appointing an agent, obtaining joint finance, joint appointment of professional advisers, common negotiation, and interdependent contracts.   There is an example included which covers a situation where existing unitholders exercise a right to acquire the interest of an existing unitholder. It would seem based on this example, that the existence of the right under the trust constitution is not, of itself sufficient to constitute an associated transaction. Rather, interdependency along the lines of the M&A example is required. For me, a question arises from this example as to the position where the constitution mandates an outcome rather than giving the unitholders a choice e.g. what would happen if the constitution required the existing unitholders to collectively fund any unitholder default on a capital call? Last question for me, which States, will adopt the Oliver Hume outcome? Again, I will leave this to the experts...

📢 Treasury in a Private Equity Setting - New Article Alert! 📰 Patrick Mina, CEO of Redbridge, and Constantinos (Dino) Nicolaides, Managing Director for the UK & Ireland, have shared their insights in a newly published piece in TMI Magazine! In this article, they delve into the evolving role of treasury in a private equity portfolio business. Often viewed as technical and less strategic by the PE house, #treasury can actually drive significant value creation through cost savings and efficiency gains, ultimately boosting the firm’s valuation. Key takeaway: To thrive in this new landscape, treasurers must step up their communication, leverage new KPIs, and embrace an entrepreneurial mindset to truly become strategic partners to their PE house. 🔍 Don’t miss out on their valuable insights—read the full article now! #Treasury #PrivateEquity #CostEfficiency #Redbridge

Raising finance is difficult When I first started in property investment, raising finance felt like the biggest hurdle. I constantly questioned why anyone would invest in me with no track record, no experience, and no history in property. Why not invest in someone else? As a property sourcer, my main tasks are finding great property deals and securing the money to fund those deals. It took time, but I learned that investors don’t just invest in me—they invest in the property deal and my team. They trust my estate agents, surveyors, builders, mortgage lenders, and other property investors I’ve consulted with. They invest in my power team and the numbers that make the deal worthwhile. Once I shifted my mindset, I realised raising finance isn’t difficult with the right attitude and the right deal. Since the start of this year, I’ve raised £444,500 to fund our deals—And I once thought raising £5k would be impossible.. I feel very greateful for all the opportunities that presented myself and for all of the investors who have invested with and believed in me. Believe in yourself. Shift your mindset. Raising finance is easier than you think when you focus on the deal and the team behind it. If I can do it, so can you! #propertyinvestment #raisingfinance #investment #believeinyourself

𝐍𝐞𝐰 𝐍𝐨𝐫𝐭𝐡𝐞𝐫𝐧 𝐏𝐨𝐰𝐞𝐫𝐡𝐨𝐮𝐬𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐅𝐮𝐧𝐝 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐨𝐫𝐭𝐡 𝐨𝐟 𝐄𝐧𝐠𝐥𝐚𝐧𝐝, 𝐰𝐨𝐫𝐭𝐡 £660𝐦! Chancellor Rishi Sunak has announced £660m of government funding for the second Northern Powerhouse Investment Fund, to be delivered by the British Business Bank. This is a fantastic opportunity for SME businesses, who may need financing to support their ongoing growth plans. The Northern Powerhouse Investment Fund, which commenced in 2017, provided over £540m worth of investment to boost the growth of SMEs in the North of England, providing microfinance, debt finance, and equity finance funds. The Northern Powerhouse Investment Fund II will build on this success and will provide £660m worth of new funding to small and medium businesses. The fund will offer a range of commercial finance options, with: 💸         Smaller loans from £25,000 to £100,000. 💸         Debt finance from £100,000 to £2 million. 💸         Equity investment up to £5 million. The fund covers companies in the North West, Yorkshire and the Humber and now the North East. More details can be found on their website: https://lnkd.in/ea-erXTJ. The fund is increasing the supply and diversity of early-stage finance for smaller businesses across the North of England, providing funds to businesses that might otherwise not receive investment and helping to break down barriers in access to finance. Catherine Lewis La Torre, CEO of British Business Bank, said: “𝘌𝘯𝘴𝘶𝘳𝘪𝘯𝘨 𝘵𝘩𝘢𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘳𝘦𝘢𝘤𝘩𝘦𝘴 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴 𝘰𝘧 𝘢𝘭𝘭 𝘴𝘪𝘻𝘦𝘴 𝘢𝘯𝘥 𝘪𝘯 𝘢𝘭𝘭 𝘴𝘦𝘤𝘵𝘰𝘳𝘴 𝘵𝘩𝘦 𝘜𝘒 – 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘕𝘰𝘳𝘵𝘩𝘦𝘳𝘯 𝘤𝘪𝘵𝘪𝘦𝘴, 𝘵𝘰𝘸𝘯𝘴 𝘢𝘯𝘥 𝘳𝘶𝘳𝘢𝘭 𝘢𝘳𝘦𝘢𝘴 – 𝘪𝘴 𝘷𝘪𝘵𝘢𝘭 𝘪𝘧 𝘸𝘦 𝘢𝘳𝘦 𝘵𝘰 𝘳𝘦𝘢𝘭𝘪𝘴𝘦 𝘵𝘩𝘦 𝘨𝘰𝘢𝘭𝘴 𝘰𝘧 𝘢𝘥𝘥𝘳𝘦𝘴𝘴𝘪𝘯𝘨 𝘳𝘦𝘨𝘪𝘰𝘯𝘢𝘭 𝘪𝘮𝘣𝘢𝘭𝘢𝘯𝘤𝘦𝘴.” #sme #investmentopportunity #financialplanning

PitchBook's latest report on the UK Private Capital Markets Breakdown showed that the UK PE market staged a modest recovery in H1 2024. Deal value inched close to £50 billion this year, and fundraising is still going strong, recovering from a steep decline last year. Here are 4 charts highlighting the current state of the UK’s PE landscape: https://lnkd.in/eCU5apcv

Are you waiting for Appraisal discussion to know your increment? You never know whether your manager gives you increment or not Even after working hard, you are not sure about increment Do you know that your investments can deliver more increment than what your manager provides you #investing #moneytalks #fundviser #salary

Would you like to know what makes the ProVen Estate Planning Service (PEPS) different? PEPS offers the opportunity to invest in companies that should be eligible for business relief (BR). If shareholders hold their investments for at least two years and at time of death, they will be eligible for relief from inheritance tax. For investors seeking to understand PEPS and its position in the BR market, it is worth noting: 🔵 We have a long track record in tax-efficient investing: PEPS is part of the ProVen family of products, alongside the ProVen VCTs, two of the UK's largest and longest-standing venture capital trusts. 🔵 PEPS is managed by experienced investors: Beringea, a transatlantic investment firm that has successfully backed SMEs in the UK and US for more than 30 years, is the investment manager of PEPS. 🔵 Tap into solar and the SME economy: At PEPS, we focus on two investment areas: lending and solar. We recently published an article looking at the SME lending strategy, and what is offers to investors - read more here: https://lnkd.in/ea9QJDd5. There are plenty of reasons why working with PEPS could boost your clients’ estates and reduce inheritance tax liabilities, which we'd like to discuss with you. Get in touch with Beringea by calling 020 7845 7820 or emailing info@beringea.co.uk. #iht #liability #businessrelief #financialadviser Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment. Take 2 minutes to learn more by visiting our website, and reading the risks outlined. Tax treatment depends on individual circumstances and tax rules could change in the future.