REG - IP Group PLC - Portfolio company Oxford Nanopore raises £195m

IPAnnouncement

04/05/2021 07:05

RNS Number : 3298X
  
IP Group PLC
  
04 May 2021
  
 




FOR RELEASE ON


04 May 2021



 
IP Group plc - Portfolio company Oxford Nanopore Technologies raises £195m in new investment
 
IP Group plc (LSE: IPO) ("IP Group" or "the Group"), the developer of intellectual property-based businesses, notes that portfolio company Oxford Nanopore Technologies Ltd ("Oxford Nanopore") has raised £195 million in new capital including £125 million from new investors Temasek, Wellington Management, M&G Investments and Nikon with existing shareholders investing £70 million.
 
IP Group committed £18.7million to the round, being its full pre-emptive allocation. Following completion of the round, IP Group has a 14.5% undiluted beneficial stake in Oxford Nanopore, valued at £359 million.
 
For more information, please contact:
 



IP Group plc


www.ipgroupplc.com




Greg Smith, Chief Financial Officer

Liz Vaughan-Adams, Communications            


+44 (0) 20 7444 0050

+44 (0) 20 7444 0062/+44 (0) 7979 853802




Charlotte Street Partners








David Gaffney


+44 (0) 7854 609998




Andrew Wilson


+44 (0) 7810 636995



 
Notes for editors
 
About IP Group
 
IP Group is a leading intellectual property commercialisation company which focuses on evolving great ideas, mainly from its partner universities, into world-changing businesses. The Group has pioneered a unique approach to developing these ideas and the resulting businesses by providing access to business building expertise, capital (through its 100%-owned FCA-authorised subsidiaries IP Capital and Parkwalk Advisors), networks, recruitment and business support. IP Group has a strong track record of success and its portfolio comprises holdings in early-stage to mature businesses across life sciences and technology. IP Group is listed on the Main Market of the London Stock Exchange under the code IPO.
 
Group holdings in portfolio companies reflect the undiluted beneficial equity interest excluding debt, unless otherwise explicitly stated. 
 
For more information, please visit our website at www.ipgroupplc.com.
 
 
ENDS

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