World News – GB – Crowdcube and Seedrs plan to merge to create one of the world’s largest private equity marketplaces


Crowdcube and Seedrs have just announced that they have agreed to terms of a merger, in a move that will accelerate their plans to create the world’s largest private equity marketplace and further democratize it investment By joining forces, thousands of ambitious, fast-growing companies and millions of investors will benefit from the best expertise, services and returns offered by Crowdcube’s and Seedrsâ € ” investment platforms

At the end, Jeff Kelisky, Seedrsâ ???? CEO, will act as CEO of the combined company, and Darren Westlake, CEO and co-founder of Crowdcube, will be its executive chairman The management team will include key executives from both companies The merged company aims to deliver new innovations and products that will make it much easier, more affordable and more valuable for ambitious companies to raise growth finance, and investors will have an even greater choice of investment opportunities with richer investment tools

Darren Westlake, CEO and Co-Founder of Crowdcube, commented: “Equity crowdfunding has redefined the number of ambitious companies that mobilize their investments and engage with their clients Today’s deal is an incredibly exciting step that will benefit high-growth companies, their investors who believe in their vision, and the broader entrepreneurial ecosystem that supports them. Together with Seedrs we can accelerate our expansion plans in UK and overseas, launch new innovative products and improve our customers experienceâ ????

Jeff Kelisky, CEO of Seedrs, said: “We are both fintech pioneers who have challenged the capital raising landscape in Europe, creating markets for private equity investments. We believe that you need to be a bigger player to serve the businesses and investors that support them Now is the time to come together to meet our common mission to bring about a radical change in accessibility and efficiency in the within private companies investing This will not only create value for ambitious companies and their investors, but also for the economies and communities they serve As we look to the future, we will be well positioned to leverage our strengths combined and create a powerful global private equity market that will transform the global equity financing ecosystemat ????

The two leading investment platforms play a key role in Europe’s rapidly growing equity finance ecosystem, both through the success of their primary fundraising through crowdfunding and through at the level of their secondary offerings and broader market initiatives Since 2011, approximately 2 â ?? ¬2 billion (£ 2 billion) invested in campaigns on Crowdcube and Seedrs Together they have helped over 1,500 companies secure their investments including Brewdog, Revolut, Perkbox Over the past 6 months they have seen milestones major franchises such as Crowdcube campaigns with what3words and Moneybox, two of the most popular equity crowdfunding campaigns of all time, and over $ 11 million (£ 1 million) shares of private companies traded in a single month on the secondary market Seedrs

The merger will be structured as an acquisition by Crowdcube of all of the outstanding share capital of Seedrs Limited through a plan of arrangement Existing Crowdcube shareholders and option holders will own 60% of the combined company, and existing Seedrs shareholders and option holders will own 40% of the combined company The merger ratio reflects the approximate valuations of the two companies based on each of their recent fundraising

Following the merger, the companies will work together to define how the two companies will combine their teams, customers, brands, services and technologies

The transaction is subject to the approval of, among others, the UK Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA) and shareholders of both companies as well as the sanction of the Court The transaction should be finalized in late 2020 / early 2021

Seedrs, Crowdcube, Financial Technology, Finance, Equity Crowdfunding, Darren Westlake, Mergers and Acquisitions

World News – GB – Crowdcube and Seedrs Plan to Merge to Create one of the worlds? the largest private equity marketplaces


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