The Fund intends to invest in a portfolio of high-growth SEIS qualifying companies within the Interactive Entertainment Sector which OVP and the Fund Manager believe have commercially viable, globally appealing projects with strong potential in providing attractive returns to investors over the next three or more years.
In order to mitigate risk, the Fund will take a diverse approach investing in new ‘Original Intellectual Property (“IP”)’, Established IP/Sequels, Licensed IP and Co-Financing opportunities. The Fund will also look for opportunities to develop and market a game on as many different hardware platforms as possible in order to maximize revenue.
Projects could be developed for a range of hardware including tablets, smartphones, PC, console, VR and AR and commercially exploited globally via a mix of digital platforms such as PlayStation Network, Xbox Live, iTunes, Google Play, Steam and physical boxed copies via retail distribution.
Projects and the companies managing them will be carefully chosen through extensive commercial and operational due diligence against a checklist of well proven standards in the computer and video games industry designed to reduce as far as possible the downside risks of product development. The experience of the Investment Adviser and its consultants will also bring detailed consideration of the many other “intangible” factors that affect project valuation. Once chosen, the Investment Adviser and its consultants will help to guide and advise in optimising the creative and commercial success of each Investee Company.
The Fund anticipates that the options for investors to exit a Portfolio Company may include the following:
The Fund Manager may look to exit an investment prior to the end of the SEIS Three Year Period if the growth of the investment has outperformed the market and covers any loss of tax benefit. It may also exit an investment in the event of a trade sale of the investment.
Symvan Capital Limited (“Symvan”) is a UK provider of tax efficient investment solutions and a Fund Adviser to funds investing in dynamic technology companies. Symvan Capital was established in 2013 and the sister company - Symvan Securities - is a corporate finance advisory firm which has been working with technology companies since 2010. The Symvan Group distinguishes itself through its deep ‘life-cycle’ approach to identifying and nurturing the potential technology stars of the future, whereby Symvan’s SEIS funds ‘seed’ a business, followed by an angel round of financing and further investment through Symvan’s EIS funds.
For further information please visit symvancapital.com
Origin Venture Partners specialise in providing finance, business strategy, production, auditing and evaluation services to the interactive entertainment industry.
The OVP team is run and managed by experienced sector specialists with a variety of relevant and highly credible backgrounds that span computer and video games, film, television and media financing, business strategy and production experience. This combined experience provides an efficient commercial team for selecting and accelerating companies in the video games and related technology sectors.
Together the partners have been involved in over 200 released titles. They have worked with some of the largest franchises in the world including Lord of The Rings, The Hulk, Star Wars, Pirates of The Caribbean, Call of Duty, Destiny and Resident Evil. They have held executive roles in several of the largest publishers in the world and also bring in specialist start up finance and games finance experience, having funded over £100m of projects in the past.
The total costs and expenses of establishing the Fund are estimated to be £17,625 which is payable by the Fund. For the avoidance of doubt, the Establishment Costs are in addition to the Initial Fee, Management Fee and the Custodian Fee.
Notes: All fees and costs are exclusive of VAT, which will be charged where applicable. The reasonable costs of the Fund Manager and any affiliated entity providing services to the Investee Companies may be charged to the Investee Companies (as appropriate), including legal, accounting, company secretarial, taxation, audit, insurance, administration, transactional, director and all other associated costs.
N/A
The Scheme is structured as an Alternative Investment Fund. The Information Memorandum can be found at symvancapital.com
£2.08 per £1 invested (excluding tax reliefs).
Private Equity
Interactive Entertainment
5 - 6 underlying investee companies (depending on amount of funds raised and the individual investor’s subscription amount).
The Nominee: Woodside Nominees Limited
The Custodian: Woodside
An investor qualifies as an High Net Worth investor if they have
(a) An annual income to the value of £100,000 or more;
(b) Net assets to the value of £250,000 or more. Net assets for these purposes do not include:
(i) the property which is their primary residence or any loan secured on that residence;
(ii) any rights under a qualifying contract of insurance within the meaning of the Financial
Services and Markets Act 2000 (Regulated Activities) Order 2001; or
(iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of their service or death or retirement and to which they are or (or their dependants are), or may be, entitled.
An investor qualifies as ar Self-Certified Sophisticated Investor if at least one of the following applies:
a) they are a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below
b) they have made more than one investment in an unlisted company in the two years prior to the date below
c) they are working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium sized enterprises
d) they are currently, or have been in the two years prior to the date, below a director of a company with an annual turnover of at least £1 million