Are you looking to realise some of the value in your business? If so, have you thought about an equity release?
Simon Thelwall-Jones, who oversees MSIF’s larger loans and equity investments (where funding is provided in return for a stake in the company), looks at some of the options for business owners wanting to sell some of their shares whilst retaining some involvement in the business.
MSIF’s current position is not affected by the vote last week to leave the European Union.
Despite being set up to manage EU funding in 1994, MSIF has evolved significantly in the 22 years since it was set up. It has its own fund which was created through returns on earlier investments and manages funding from other sources including the Regional Growth Fund (RGF) and the Government-backed Start Up Loans Programme (SUL).
A leading employee benefits advisory business in Liverpool has undergone a management buy-out (MBO) in a deal backed by a £1.4m equity investment from MSIF.
CS Financial Solutions Limited (CSFS), previously a subsidiary of Charles Stanley Group plc, whose headquarters is on Chapel Street has been bought by chief executive Paul McGuckin, managing director Craig Williams and commercial director Colin Nicol for £2m.
In or out? In. Why? As COO of MSIF I have seen first-hand the huge benefits of being part of the European Union and will definitely be voting ‘Remain’.
MSIF was set up in 1994 to manage funding through the European Objective One Programme. Objective One provided funding from the European Regional Development Fund (ERDF) to develop regions whose GDP was significantly behind other parts of Europe which, at the time, included Merseyside.
The Future’s bright for MSIF as it raises £7m from a string of successful exits and also signs a further 4 year Start Up Loans contract
MSIF has added around £7m to its own funds through a string of successful exits from previous investments including from its stake in local software company Blue Prism when it recently floated on AIM.
A 28 year old from Liverpool is turning her hobby into a business venture with backing from MSIF.
Louise Codman, a keen amateur football coach is opening a franchise of Little Kickers, a pre-school football academy in Wirral. Initial sites include Hoylake, Greasby and Wallasey and there are plans to open in additional venues in the area.
A Wirral estate agency business has undergone a management buy-out (MBO) with backing from MSIF.
Bakewell Horner based in Wallasey has been bought by Russ Smith, a minority shareholder, from former owner Peter Horner. Peter will remain with the business on a consultancy basis.
Liverpool-based Blends Ltd, one of the UK’s leading manufacturers of specialist food ingredients, has doubled the size of its base in Knowsley Business Park to cater for record client demand.
The move follows £4.6 million in funding from Santander Corporate & Commercial and Merseyside Special Investment Fund (MSIF), with MSIF providing a £200,000 grant through the Regional Growth Fund’s High Growth Business Investment Programme.
MSIF has invested a second round of funding into a Liverpool restaurant to expand its premises.
Grilla on Hardman Street serves Greek-inspired dishes and specialises in freshly cooked meat on the spit.
MSIF has provided Grilla with a further £12k in addition to the £34.5k it invested last year. The loan has been provided through funding it manages for the Regional Growth Fund.