Mercia has announced a significant third-party investment into nDreams, its largest direct on-balance sheet investment. The transaction has driven a 46% fair value uplift with Mercia’s direct stake (now 33.2% on a fully diluted basis) valued at £25.8m. The strong fair value uplift underpins Mercia’s investment capabilities whilst the Group’s maintained significant stake in the business provides further upside potential going forward. We note the FV uplift adds ~1.8p to Group NAV and will positiv ....
29 Mar 2022
New 3rd-Party Investment in nDreams Supports NAV
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New 3rd-Party Investment in nDreams Supports NAV
Mercia Asset Management PLC (MERC:LON) | 33.8 -0.2 (-2.0%) | Mkt Cap: 146.6m
- Published:
29 Mar 2022 -
Author:
Jens Ehrenberg -
Pages:
3
Mercia has announced a significant third-party investment into nDreams, its largest direct on-balance sheet investment. The transaction has driven a 46% fair value uplift with Mercia’s direct stake (now 33.2% on a fully diluted basis) valued at £25.8m. The strong fair value uplift underpins Mercia’s investment capabilities whilst the Group’s maintained significant stake in the business provides further upside potential going forward. We note the FV uplift adds ~1.8p to Group NAV and will positiv ....