Tell us whether you accept cookies ... Crowdcube / Seedrs merger inquiry . We’ve found a real risk that the merger could lead to less choice for SMEs and investors. In this week's show we're talking folding phone... Demystifying Tech: The new tech at Abbey Road Studios Find reports and updates on current and historical CMA investigations Skip to main content. To help us improve GOV.UK, we’d like to know more about your visit today. Crowdcube Limited (Crowdcube) and Seedrs Limited (Seedrs) are the 2 largest equity crowdfunding platforms in the UK. As the world’s first investment crowdfunding platform, Crowdcube enables entrepreneurs to raise finance with the added benefit of being backed by their community. Current financial data for Seedrs is harder to come by but, using its historic results and Crowdcube as a read-across for growth, we estimate revenues at around £4.5m, implying a multiple of 12x. Crowdcube and Seedrs, two large equity crowdfunding platforms in the UK, plan to merge. ... (CMA) and the Financial Conduct Authority (FCA). It found that the merging companies would have a very high combined share of supply in the UK, and evidence from the companies’ internal documents and third parties suggest the companies are very close competitors. On Monday 5th October 2020, Crowdcube and Seedrs announced that they had agreed terms for a merger, ... (CMA), the Financial Conduct Authority (FCA) and shareholders of the two companies as well as the sanction of the Court. Seedrs And Crowdcube Merger Investigation Fast-Tracked By Regulator. Crowdcube and Seedrs employ 150 people between them. Westlake said he couldn’t comment on whether the deal could involve job cuts. The CMA is therefore concerned that, if completed, the deal could result in SMEs and investors losing out as a result of fewer choices, higher fees and poorer quality services. You’ve accepted all cookies. The deal is positioned as a “merger of equals” structured as an acquisition “for legal purposes”. Media queries should be directed to press@cma.gov.uk or 020 3738 6460. We use cookies to collect information about how you use GOV.UK. On Monday the 5th of October 2020, we woke up with the news of Seedrs and Crowdcube merger. On Monday 5th October 2020, Crowdcube and Seedrs announced that they had agreed terms for a merger, in a move that will accelerate their plans to create the world’s largest private equity marketplace and further democratise investment. Equity crowdfunding platforms connect small and medium-sized enterprises (SMEs) looking to raise capital equity investment with investors willing to … Their services are used by thousands of investors and businesses, particularly early stage start-up SME businesses that tend to have limited options for raising investment. 2020-10-15 09:10:51 UTC. Crowdcube Limited (Crowdcube) and Seedrs Limited (Seedrs) are the two largest equity crowdfunding platforms in the UK. It will take only 2 minutes to fill in. Crowdcube and Seedrs, two equity crowdfunding platforms based in the UK, have agreed to merge to become “one of the world’s largest private equity marketplaces.” The terms of the deal have been agreed — Seedrs’ current chief executive Jeff Kelisky will serve as combined chief executive of the new company, whilst Crowdcube founder Darren Westlake will become executive chairman. Added: 16 Oct 2020. Crowdcube and Seedrs have just announced that they have agreed terms for a merger, in a move that will accelerate their plans to create the world’s largest private equity marketplace and further democratise investment. However, merging companies can ask for the CMA’s review of the deal to be moved more quickly to Phase 2 where it is clear from an early stage that there are competition concerns that require an in-depth investigation. The Gallery, Birley Fields,Manchester, England M15 5QJ, The Competition and Markets Authority is to investigate the. Both companies believe this move will accelerate their plans to create one of the world’s largest private equity marketplace and further democratise investment. The merging companies requested that the Competition and Markets Authority (CMA) fast track the investigation to a Phase 2 stage last month. Crowdcube Limited (Crowdcube) and Seedrs Limited (Seedrs) ... (CMA) fast track the investigation to a Phase 2 stage last month. They therefore requested use of the fast track procedure and, after due consideration, we believe this to be appropriate. The CMA revealed it has fast-tracked the deal to an in-depth ‘Phase 2’ investigation at the request of the two companies concerned. If this merger goes ahead, it would have just one. The two biggest equity crowdfunding platform in Europe are becoming one… The rumours had been on Twitter for quite a while, but I had refused to believe them! Costituita da un team di professionisti IT con pluriennale esperienza nel settore di riferimento, WMG S.r.l. coniuga le competenze di MAG Elettronica e CMS al fine di sviluppare e quindi ottenere la certificazione di un sistema VLT proprietario in compliance con la normativa di riferimento italiana; il Sistema di Gioco VLT WMG reVoLuTion. An analysis of political advertisers running extensive campaigns on Facebook targeting users in the United States over the past six months has flagged a raft of fresh concerns about its efforts to tackle election interference — suggesting the social network’s self regulation is offering little more than a sham veneer of accountability. found, the independent group will set out potential options for addressing these concerns. The UK’s competition watchdog has kicked off an in-depth investigation into the merger of crowdfunding platforms Crowdcube and Seedrs after finding causes for concern. Crowdcube Crowdfunding. The Competition and Markets Authority is to investigate the proposed merger between Crowdcube and Seedrs over competition concerns. The Crowdcube-Seedrs merger has completed the phase 1 process of regulatory review and is now in the midst of a phase 2 determination. 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Kelisky says the firms are well-positioned to "create a powerful global private equity marketplace that … Westlake said he couldn’t comment on whether the deal could involve job cuts. Photo: Crowdcube. Crowdfunding on Crowdcube & Seedrs. In most merger cases, a full ‘Phase 1’ investigation is needed to determine whether a deal can be cleared or whether further scrutiny is required. That means if a campaign has a fundraising target, then only if that target is hit will Crowdcube take its fee, and the investment is completed out of the pooled capital. With years of experience in the equity crowdfunding industry, we guide passionate entrepreneurs through a successful crowdfunding campaign, by providing them with bespoke consultation, video production, and investor research Crowdcube and Seedrs said in a joint statement on Monday they had agreed the terms of a merger. “Their services are used by thousands of investors and businesses, particularly early–stage start-up SME businesses that tend to have limited options for raising investment. If competition concerns are found by the CMA, an independent group will set out potential options for addressing these concerns. The UK’s Competition and Markets Authority (CMA) is typically involved if there’s a risk of monopoly power over a given industry. The platforms unveiled plans to merge in October, subject to regulatory approval. In most merger cases, a full Phase 1 investigation is needed to determine whether a deal can be cleared or whether further scrutiny is required. They connect SMEs looking to raise capital equity investment with investors willing to provide funding in return for a stake in the business. Existing Crowdcube shareholders and option holders will own 60 pr cent of the combined company, and existing Seedrs shareholders and option holders will own 40 per cent of the combined company. CMA fast-track Crowdcube merger with Seedrs straight to in-depth phase 2 investigation. This is standard practice for this kind of transaction. Whilst Crowdcube is valued at £84 million, Seedrs is valued at £56 million. For so many, 2020 has been ... By Aman Johal, lawyer and director of Your Lawyers   Equity crowdfunding platforms connect small and medium-sized enterprises (SMEs) looking to raise capital equity investment with investors willing to provide funding in return for a stake in the business. Equity crowdfunding platforms connect small and … Crowdcube has announced with Seedrs that it has agreed to merge in a move that will accelerate a shared plan to create the world’s largest private equity marketplace and further democratise investment. The merger will now be referred for an in-depth ‘Phase 2’ investigation, which is overseen by an independent group of panel members. Will there be job losses, given there is likely to be some duplication of some roles? The CMA has agreed to ‘fast track’ the anticipated merger of Crowdcube and Seedrs to an in-depth Phase 2 investigation, after finding likely competition concerns. Crowdcube and Seedrs merger. The statutory deadline for a … The CMA revealed it has fast-tracked the deal to an in-depth ‘Phase 2’ investigation at the request of the two companies concerned. Until recently, the UK had three notable equity crowdfunding platforms: Syndicate Room, Seedrs, and Crowdcube. Unless the Competition & Markets Authority (CMA) stops the merger, this is going to happen. “We can’t plan that far ahead at the moment — we’re bound by the rule of the CMA [Competition and Markets Authority] and the investigation we’re about to go into with them,” he said. 26 Oct 2020. Crowdcube and Seedrs are well-known names in the equity crowdfunding world and are two of the biggest platform providers in this market. The UK’s two biggest crowdfunding platforms have announced plans to merge. Since 2011, £2bn has been invested in campaigns on Crowdcube and Seedrs. The CMA is therefore concerned that, if completed, the deal could result in SMEs and investors losing out as a result of fewer choices, higher fees and poorer quality services. In most merger cases, a full Phase 1 investigation is needed to determine whether a deal can be cleared or whether further scrutiny is required. Las plataformas de inversión Crowdcube y Seedrs han anunciado un acuerdo de fusión para construir el primer mercado de capitales global y democratizar la inversión en compañías privadas. Seedrs and Crowdcube have each disrupted equity investment in the UK and played a key role in Europe’s fast growing equity funding ecosystem, both through our success of primary raises, the scaling of our secondary offerings and wider marketplace initiatives. The merger will be structured as an acquisition by Crowdcube of all of the outstanding share capital of Seedrs Limited via scheme of arrangement. Crowdcube and Seedrs plan to merge to create one of the world’s largest private equity marketplaces, strengthening support for ambitious businesses and investors.. As the world’s first investment crowdfunding platform, Crowdcube enables entrepreneurs to raise finance with the added benefit of being backed by their community. 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. CMA fast-track Crowdcube merger with Seedrs straight to in-depth phase 2 investigation. Westlake: “It is not something that we have been able to plan that far ahead. On 4 December 2020, the CMA published an issues statement as part of its Phase 2 investigation into the anticipated merger between Crowdcube Limited and Seedrs Limited. Until recently, the UK had three notable equity crowdfunding platforms: Syndicate Room, Seedrs, and Crowdcube. “We can’t plan that far ahead at the moment — we’re bound by the rule of the CMA [Competition and Markets Authority] and … Crowdcube, Seedrs Ask CMA To Fast-Track Deal Review. 0%. Crowdfunding platforms Seedrs and Crowdcube have agreed to a merger which it is hoped will create "one of the world's largest private equity marketplaces". The two companies announced the deal earlier this month. Since 2011, over £2 billion has been invested in campaigns on Seedrs and Crowdcube. The UK’s competition watchdog has kicked off an in-depth investigation into the merger of crowdfunding platforms Crowdcube and Seedrs after finding causes for concern. The two biggest equity crowdfunding platform in Europe are becoming one… The rumours had been on Twitter for quite a while, but I had refused to believe them! The two firms, who say £2bn has been raised across their combined platforms since 2011, are hinting at a bold new strategy to include marketplace access to larger private equity-level deals for investors. The merger is subject to approval by the CMA, FCA and their shareholders. Until recently, the UK had three notable equity crowdfunding platforms: Syndicate Room, Seedrs, and Crowdcube. Andrea Gomes da Silva, Executive Director of Markets and Mergers. 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