Mercia pays out in full on EV deal
Tech investor Mercia Technologies has paid out the maximum deferred consideration to Enterprise Ventures Group shareholders, after the Manchester-based business smashed its target in the two years since it was bought.
The original deal saw £9m paid up front - £8.3m in cash and £0.7m in shares - with up to £2m more to be issued in Mercia shares if Enterprise Ventures was awarded at least £80m in net new fund mandates during the two-year period. It has been awarded £178m since March 2016.
Dr Mark Payton, chief executive of M... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
