Pembroke VCT plc, the venture capital trust focused on building the consumer brands of tomorrow, has launched a new share offer to raise up to £40 million (an initial £20 million, with an over-allotment facility for a further £20 million). The additional cash will allow the company to grow its existing portfolio and take advantage of a healthy pipeline of prospective investment opportunities.
Pembroke VCT gives investors the opportunity to share in the growth of some of the UK’s most exciting and innovative smaller companies, across industries with strong growth prospects. It has total assets of over £110 million (31 August 2020).
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Since its launch in 2012, Pembroke VCT has invested £75 million in 45 companies, helping strong management teams realize their vision for building consumer-focused brands.
New investors will gain immediate access to a maturing portfolio of growing businesses and to a well‑established dividend‑paying VCT. The portfolio includes high growth, innovative brands – such as Plenish, Popsa, Kinteract, ME+EM, and Pasta Evangelists – in the design, education, food, beverage & hospitality, wellness, digital services and media sectors.
Additionally, Pembroke intends to use the funds raised to make a number of follow‑on investments in portfolio companies, where further capital will accelerate their growth plans. Pembroke partners with founders and its ‘stepping-stone’ investment process provides additional funding to take advantage of growth opportunities that emerge during the journey.
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Andrew Wolfson, CEO of Pembroke Investment Managers LLP commented; “We invest in exceptional founders that we believe in, and work alongside them to support their continued growth through our strategic and operational expertise. This new offer will not only allow us to grow our existing portfolio, but also to invest in new companies that we believe have the potential to become the consumer brands of tomorrow.”
