Private equity fund manager Calculus Capital has closed its Enterprise Investment Scheme (EIS) fundraising after reaching its GBP20 million target three months earlier than anticipated.
John Glencross, Calculus Capital chief executive, says: “Appetite for investing in unlisted UK smaller companies through the EIS has been growing year-on-year. And it’s not surprising, given the breadth, depth and potential of the investment opportunities available, coupled with the extremely attractive tax reliefs that come with EIS funds, including 30 per cent income tax relief, no CGT or IHT, and high returns that can be generated.”
Calculus says the range and quality of investment opportunities it has been identifying is particularly strong. It has committed more than GBP20 million to UK businesses in the past four months alone.
“We are very focused on quality and maintaining our strict investment criteria – we would rather wait for the right opportunity than invest just because we have money to deploy. But recently we have identified a number of very compelling and impressive companies, as our total investment of more than GBP20 million in just a few months demonstrates,” adds Glencross.
Recent investments made by Calculus include Jumptastic, a UK trampoline park company that is expanding into Europe, Weedingtech, the developer of environmentally-friendly weed killing technologies, and Collagen Solutions, a global provider of medical grade collagen for use in wound care, tissue scaffolds and cartilage repair.
