Maven Capital Partners :: UK Private Equity firm

The Maven Linked VCT Offer

Tax-free yield and diversification

The boards of the four Maven Income and Growth VCTs have decided to raise limited further funds this year in a Linked Offer, allowing the VCTs to make further later stage private company investments. This enables the four companies to take advantage of the anticipated recovery in economic conditions and the flow of good quality introductions Maven is experiencing across its UK office network.

The four VCTs participating in the Offer are:  

Maven Income and Growth VCT PLC

Maven Income and Growth VCT PLC 2

Maven Income and Growth VCT PLC 3

Maven Income and Growth VCT PLC 4

The opportunity

The Maven Linked VCT Offer provides investors with access to:

  • one of the UK’s leading generalist VCT houses
  • the usual VCT tax breaks, including 30% income tax relief up-front and tax-free dividends
  • a mature and highly diversified portfolio of established UK private companies, with strong yield characteristics
  • Immediate entitlement to an established dividend flow
  • up to eight tax-free distributions each year, each of the four participating VCTs has historically paid a combination of interim and final dividends
  • one of the best resourced teams in the VCT industry, operating from 5 key regional centres and with over 100 years’ combined experience of investing in UK private companies
  • a team with a record of recent profitable exits across the portfolio, and over 20 new private company investments completed since September 2006

Key information

Launch Date:
January 2010
Maximum Offer Size :
£6.1m
Minimum Subscription:
£5,000
Maximum Subscription:
£200,000
(click here to find out about VCT tax benefits)
Offer close date:
Tax year 2009/10 – 5 April 2010
Tax year 2010/11 – 30 April 2010
Charges:
5% Initial

The companies are looking to raise a maximum of £6.1 million in aggregate, and each investor’s subscription will be split in proportion to the Net Asset Values of each of the Companies. Maven is acting solely as the administrator for the Offer. Full details of the offer are available here but please also read the Important Information on this page about VCT investment.

View the offer document and brochure here.

 

If you would like to know more about how VCTs work click here

 

Important Information

VCT investments carry a higher risk than many other forms of investment, so you should read the Important Information and Risk Factors sections of the enclosed documents and seek independent financial advice if you have any doubt as to whether an investment in VCT shares is suitable for you.
Please note that Maven Capital Partners UK LLP cannot give any investment advice. This document does not constitute either a prospectus or listing particulars.

 

If you have any questions about the Offer please contact Maven Capital Partners on 0141 306 7400 or enquiries@mavencp.com