Oberon Investments to acquire Nexus Investment Management

Funded through an equity raise

Oberon Investment Group is set to acquire Nexus Investment Management, the manager of the Nexus Investments Evergreen EIS Scale-Up fund.

In a stock exchange notice today (20 July), the London-based boutique firm said it had exchanged contracts with Nexus IM's parent company, Nexus Central Management Services.  The acquisition, which is subject to FCA approval, will be funded through the issue of 7.5 million new ordinary shares in Oberon, which are listed on the Access segment of the AQSE Growth Market. At a price of 3.9p per share at the last close, the firm aims to raise around £292,500. Oberon Investments appoints chair and head of investments The acquisition will contribute a profit before tax after management ex...