Symvan Technology EIS Fund

Symvan Capital

NB: Due to a significant change in the application process for Advanced Assurance that has been introduced by HMRC which will affect the whole market, it is not possible to commit to investing the SEIS portfolio, being closed on the 24th of March in this current tax year, for carry back purposes. Due to our current book of existing EIS and SEIS companies we believe that we can invest our EIS in this tax year for carry back purposes. If you have any questions or seek clarification please contact Piers Denne on 07837715679

Investment Objective

The objective of the Fund is to invest in companies eligible for EIS Reliefs that may have previously received investment from Symvan SEIS Funds and have reached a milestone where additional funding is necessary and appropriate.

The Fund offers investors access to an opportunity to invest in growth technology companies operating across a number of different business sectors. Portfolio Companies will be selected on the basis of their potential to deliver revenue growth and attractive returns to investors. The Fund will invest in a number of companies across a range of different technologies, including software, network security, mobile, fintech and other consumer applicable technologies. The Fund will invest in Qualifying Companies typically requiring between £0.25m and £2m in development capital early-stage investment.

Exit Strategy

The Fund anticipates that the options for investors to exit a Portfolio Company may include the following:

  • The acquisition of the intellectual property rights of the Portfolio Company at a price determined by an independent value;
  • A sale or part sale of the Portfolio Company;
  • The purchase by the Portfolio Company of shares held by shareholders;
  • The introduction of new investors (not EIS investors, who must buy new shares) to the Portfolio Company;
  • The reduction of the Portfolio Company’s share capital; and
  • The voluntary liquidation of the Portfolio Company or the sale of the Portfolio Company’s assets and subsequent distribution of proceeds to shareholders.

Fund Provider / Fund Manager

Symvan Capital Limited

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 www.symvancapital.com

Fees

No fees (other than potential performance fee) paid by the investor – all costs borne by investee companies.

Performance Fee

A fee is paid by investors only when realisations from a company investment exceed the total amount invested. This will amount to a 20% performance fee paid to the Manager on realised amounts in excess of aggregate Subscriptions made to the Fund net of expenses.

Investment Fee

The Manager will collect and administer a fee of up to 6% on the total Subscriptions made by Investors to the Fund on the initial close, and any subsequent close of the Fund. Of the investment fee, up to 100% will be recovered as an arrangement fee from each of the Portfolio Companies pro- rata to the investment made into the Portfolio Company by the Fund.

The launch and establishment costs of the Fund are included and paid out of the Investment Fee.

Annual Administration & Monitoring Fee: 2% per annum of the amount invested in the Portfolio Company. Such monitoring fees shall be payable annually in advance, subject to variation by agreement between the Manager and each investee company. The Manager’s annual fee is payable for a period of up to five years from the Closing Date of the Fund. The Fund will be responsible for the normal running costs of the Symvan Technology EIS Fund including custodian and nominee fees, bank charges, administration and investor reporting.

Fees and charges are exclusive of VAT, which will be charged as applicable.

Kuber Specific Arrangements

Kuber receives a fundraising fee of 1% from the manager.

Kuber will return this fee to Investors by applying it to their Subscription amount thereby increasing their investment.

For further information please do not hesitate to

contact us on:

+44 (0) 20 7952 6685
info@kuber.uk.com
www.kuberventures.co.uk

Fund at a glance

Scheme Categorisation

The Scheme is structured as an Alternative Investment Fund and the Fund Prospectus can be found at www.symvancapital.com.

Target Return

£1.60 for each £1 invested

Scheme Strategy

Private Equity EIS

Investment Sector

Technology Infrastructure

Target Diversification

Minimum 4 companies

Nominee & Custody Arrangements

The Nominee: Woodside Nominees Limited

The Custodian: Woodside

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