RISK WARNING
All VCT, EIS, SEIS, and Business Relief qualifying investments are high risk and are not suitable for most clients. They are illiquid investments and Investors’ capital is at risk.

Symvan Interactive Entertainment SEIS Fund

Symvan Capital

Investment Objective

The Fund provides investors the opportunity to invest in a portfolio of high-growth SEIS qualifying companies that have received advance assurance from HMRC operating in the global interactive entertainment sector.

  • In 2018 the UK games market was worth £5.7bn in a global market esti-mated to be worth $137.9bn. Global forecasts for 2019 already indicate a +9.6% year on year growth to $152.1bn with continued growth forecast through to 2022 of $196bn.
  • Investee companies will be carefully chosen by Symvan with support from industry experts through extensive due diligence against a list of well proven standards designed to reduce as far as possible the downside risks of product development while leveraging creative and commercial success.
  • All companies will have production and development mentors providing experienced creative advice and production oversight, thereby helping to reduce the manageable risks of overruns and creative failure. Activities will be monitored against deliverable timetables, capital requirements, cash flow, transferable resources and corrective actions advised to investee companies.
  • Investee companies will receive business, sales, accounting and taxation advice from the Fund that are designed to both help reduce the risk to investors and optimise the financial returns.

Exit Strategy

The Fund will not invest in any company without a clear expectation of the likely exit strategy. The team will aim to facilitate exits after the three year period. However, there may be occasions where an earlier sale is a commercially sensible decision. It is anticipated that most exits would take place after they have been held for four years though some could take longer depending on market conditions and the nature of the Portfolio Companies. Exit options include:

  • The acquisition of the intellectual property rights of the portfolio company at a price determined by an independent valuation;
  • a sale or part sale of the company;
  • the purchase by the Investee Company of shares held by shareholders;
  • the voluntary liquidation of the Investee Company or the sale of the company’s assets and subsequent distribution of proceeds to shareholders.

Exit History

CompanyDate of exitShare purchase priceShare exit pricesROI (excluding reliefs)
Buying Butler26 Mar 19£1.95 (SEIS)
£2.80 (EIS)
£2.42
£4.33
24.4% (SEIS)
54.6% (EIS)
B.Heard16 Apr 19£1.35 (SEIS)
£2.33 (EIS)
£3.35 (EIS)
£2.44113.7% (SEIS)
3% (EIS)

Fund Manager

With AUM of £20m, Symvan is an award-winning EIS and SEIS fund manager with specialised expertise in making investments into the disruptive companies of the future. Upon winning Best SEIS Fund Manager at the Enterprise Investment Scheme Association awards in February 2017, the judges praised Symvan for “their due diligence, their selection process and speed of investment. They also liked the clarity of their communications, and the effort that they have made to demonstrate the benefits of their investment, not just in value, but in job creation and the tax revenues raised as well.”

Fees

FeeInvestorInvestee Company
Initial chargen/a10%
Launch & establishmentn/a£2,000
AMCn/a£3,000
Performance Fee25% of realised profitn/a
VAT charged as applicable

Kuber Specific Arrangements

1% rebate

For further information please do not hesitate to contact us on:
+44 (0) 20 7952 6685
info@kuberventures.com
www.kuberventures.co.uk

Fund at a glance

Scheme Categorisation

Alternative Investment Fund

Target Return

£2.08 per £1 invested (excluding tax relief)

Scheme Strategy

Venture Capital SEIS

Investment Sector

Technology

Target Diversification

5 to 6 investee companies

Nominee & Custody Arrangements

Custodian: Woodside Corporate Services Limited

Nominee: WCS Nominees Limited