Hugh James advises Finance Wales on more than 30 deals in record year for investment.
Hugh James has advised Finance Wales on more than thirty
of their larger equity and debt investments in a year which has
seen the firm further strengthen its position as a leading player
in the Welsh corporate market.
16 I 08 I 10
In the year to 31 March 2010
Finance Wales smashed its annual
investment target of £30 million, investing a record £37 million in
Welsh-based SMEs. The achievement is particularly notable bearing
in mind the economic climate and the low levels of corporate
activity across the UK. The record performance comes in a year when
Finance Wales launched its new £150 million fund which provides a
wide range of investment, from micro loans to venture capital.
Speaking about Hugh James’ role as advisors to
Finance Wales, Gerallt Jones, Head of Corporate at the firm
said:
“We are delighted to have
had the opportunity to work with Finance Wales on a broad range
of their deals over the last year. Our high volume of work with
them has ensured we remain at the forefront of the market in Wales
and has also helped us to grow our profile in key sectors,
particularly life sciences, where Finance Wales has been very
active".
Some of the deals we advised on during the
last year include:
- a £1 million co-investment with Fusion IP and
the ERA Foundation in Mesuro;
- a £500,000 investment in Calon Cardio;
and
- a £500,000 investment in Acuitas Medical
(formerly known as OsteoTronix Ltd)
Greg Williams, who acts
as lead adviser to Finance Wales, is particularly
pleased with the firm’s work with Finance Wales over the last year.
He commented:
“Finance Wales has played a vital
role in ensuring growth capital is available to exciting Welsh
companies in recent times when more conventional methods of funding
have been harder to come by. We enjoy an excellent relationship
with the team and look forward to working with them on their
ambitious plans for 2010.”