ONSIDE / TEAM PROFILE
Acceleris deal will build £25m funding pot
Seneca Group has formally acquired investment business Acceleris in a deal to target
investment into businesses using the Enterprise Investment Scheme (EIS)
B
etween them Acceleris and
Seneca have raised a total of £16m
into EIS funds and successfully
invested in 30 companies, principally
in the North of England, creating over
500 jobs.
The deal will result in a combined
firepower of over 30 investment
professionals with experience of
structuring deals and backing
entrepreneurs.
Seneca’s Ian Currie said: “We are
currently seeing more and more good
quality smaller UK companies with
excellent growth prospects who have
not been able to secure funding from
traditional sources. As a result we
believe this is an excellent time to
invest in Britain’s businesses and the
combination of our EIS Portfolio
Service with the experience of the
Acceleris team provides a