Details of recent investments, progress made by our portfolio companies, and introducing co-investment opportunities.
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Origin's partners invest in quoted (listed) and unquoted (private) companies. We also have a network of co-investors who participate in our unquoted transactions. 

Since our last update four of our unquoted portfolio companies have completed follow-on funding rounds; we've made a new investment in a battery technology business, Echion, and we have had a successful exit from our investment in hybrid engine business Vantage Power. We've also extended our listed portfolio.

Our latest statistics on unquoted portfolio performance are here.

We continue to look for new transactions across the early-stage technology field and to welcome new co-investors to our unquoted deals.
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Successful trade exit


We have had a good exit from our investment in Vantage Power, a leading developer of hybrid power-trains and associated battery and monitoring technologies for commercial vehicles. We first invested in VP in 2013, and participated in further funding rounds in 2015 and 2017. VP has been bought outright in an all-cash transaction by US-based Allison Transmission, one of the world’s largest global suppliers of medium and heavy duty automatic transmissions. Read more…


Investment in AIM software and IT provider


Origin's partners have invested in Sanderson, which specialises in digital retail technology and enterprise software for the manufacturing, distribution and logistics sectors. We are excited by the company’s prospects in its digital retail division in particular.


Electric bike power!

Investment / Reader Offer


Origin’s partners have made a seed investment in Swytch, which develops retrofit electric power solutions for cycles. The video here tells the story. If you would like to buy a Swytch product (we've tried them and we think they're great!), founder Oliver has kindly agreed to offer our newsletter recipients a 10% discount – use this code at checkout: ORIGIN10PERCENT. Offer expires 30 September 2019.
 
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New unquoted investment


Origin has invested in Echion Technologies, a Cambridge University spin-out. Echion is developing a portfolio of advanced materials for use in Lithium-ion batteries, which it hopes will deliver significant performance improvements over current products, particularly in electric vehicle applications. Origin's Mark Woodhams has joined the company's board of directors.


Uplifts in 4 follow-ons


We are delighted to report that no less than four of our recent investments - Ubio, Myrtle, Cazana and Rotageek have all raised follow-on rounds since our last newsletter. Although individual transaction details have not been released, the straight-average uplift was c. 140% (i.e. 2.4x) our entry valuations. Many congratulations to the company teams involved.
 

New quoted investment


Origin's partners recently invested in AIM-quoted Cerillion, which supplies software solutions for customer billing and management software to telco providers and others, including financial institutions, utilities and transportation businesses. We are impressed by the quality of Cerillion's product offer (as independently assessed by Gartner, amongst others) and its growth prospects, particularly in the telco sector.

Co-invest with Origin


Please contact us if you would like to discuss co-investing in Origin transactions.

(Note: currently co-investment is only available in unquoted transactions
.)
 

Outlook and co-investment


We are currently examining several new quoted and unquoted investments, and hope to complete at least two further EIS-eligible investments over the next quarter.

We continue to welcome enquiries from investors who would like to co-invest with us*. Most of our unquoted transactions are EIS-eligible, meaning UK taxpayers receive a £3,000 credit against income tax for every £10,000 invested (giving a net investment cost of £7,000), and that capital gains on investments held for more than 3 years are tax-free. If the investment is unsuccessful, the net loss can be set off at the highest rate of income tax paid by the investor, which means that for a 45% taxpayer the maximum loss is £3,850 (£7,000 x 55%)**.

If you would like to hear more about opportunities to co-invest, please email us at info@origingroup.co.uk.


* Investments in early-stage companies carry high risks - see here for more information.
**For illustration only. Origin is not qualified to give tax advice, and investors should of course consult their own independent expert in respect of individual transactions.

 

Copyright © 2019 Origin Capital Ltd, All rights reserved. Origin Capital is an Appointed Representative of Larpent Newton & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority ("FCA"), Firm Reference Number: 141275. Origin Capital's Firm Reference Number is 684349.

www.origingroup.co.uk
 






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