Private Equity


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Foresight Enterprise VCT plc launches new £20m share offer

Click here to read the announcement as a PDF.

London, 18 January 2022: Foresight Group LLP (“Foresight”), a leading infrastructure and private equity investment manager, is pleased to announce the launch of a new offer for subscription to raise £20 million on behalf of Foresight Enterprise VCT plc (“the VCT” or “the Company”), with an over–allotment facility to raise up to a further £10 million through the issue of new shares.

The Offer, which is open to investors for tax years 2021/2022 and 2022/2023, will give new and existing shareholders access to a diversified portfolio of over 35 innovative and fast-growing businesses with enterprise values typically between £5 million and £25 million. The VCT aims to provide an attractive income stream as well as allowing investors to benefit from the VCT tax reliefs available to qualifying participants.

The VCT seeks to expand its portfolio of investments in UK-based small and medium-sized businesses with strong and proven leadership teams that are seeking an injection of capital to support their growth.

In addition to its established reputation, Foresight has rolled out a successful regional private equity strategy across the UK and now manages institutional regional funds from six regional offices in addition to its London HQ. These regional funds allow the VCT to benefit from significant dealflow from areas outside the competitive London and southeast region.

The VCT’s total return (NAV plus cumulative dividends) between 1 October 2016 and 30 September 2021 is 12.7p (representing 17.5% growth).

James Livingston, Partner at Foresight Group said: “In one of the most challenging periods of our recent history, the Foresight Enterprise VCT has continued to achieve positive momentum over the past year. It has been a remarkable year for the fund, with strong returns and growth despite the ongoing disruption caused by the pandemic.

As growth investors, we have backed some of the most exciting and forward-thinking businesses in the UK, including Hospital Services Limited (HSL) and artificial intelligence technology developers, Codeplay Software Ltd, and we have seen some truly extraordinary companies being built. We have a growing number of exciting companies in our portfolio and look forward to continuing to support them while delivering results for our investors.”

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