Shell company Acceler8 Ventures will have £450,000 after expenses to seek a suitable acquisition candidate. The £300,000 of expenses seem high, but costs will be relatively high when a company is so small.
Adviser Tessera Investment Management has pocketed £100,000 in fees and previously subscribed £25,000 for a 3.3% stake. It will be paid a success fee on completion of the first acquisition and will be paid fees for other services.
Patronus Partners received an introducer fee of 5%...
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