Half Year Results 

Fair value gain for Mercia Technologies

Fair value gain for Mercia Technologies

In the first half, Mercia Technologies’ (MERC) managed funds were buoyed by a £34.5m cash realisation from Blue Prism (PRSM) – a specialist in robotic process automation. This represents a multiple of 55 times the initial investment by Mercia’s ‘RisingStars Growth Fund’ in 2004. Bosses explain that Mercia’s third-party managed funds shoulder the initial risks of investing in a range of innovative technology businesses. The group then selects ‘emerging star’ holdings from within the funds, providing these with further capital from its own balance sheet.

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