LG advises on launch of £20 million Venture Capital Trust
21 December 2006
LG has advised venture capital investor Close Ventures on the offer by Close Enterprise VCT Plc of up to £20 million shares.
The company's investment portfolio will be structured to provide a balance between income and capital growth for the longer term, investing in a mix of lower-risk holdings with tangible assets such as health and fitness clubs as well as higher risk investments.
Close Ventures is the new name for Close Venture Management – recognised as the UK’s leading venture capital trust investor - with six VCT funds under management and over £235 million raised to date.
Corporate partner Paul Lester and solicitor Sunita Singh-Dalal led the LG team.
Paul said: "We were delighted to be instructed by Close Ventures for the first time on the establishment of a VCT for them and LG looks forward to working with Close Ventures on future investment fund work."
Notes to editors
- LG is a London-based business law firm with over 270 lawyers.
- LG has a long established presence in the UK investment trust industry and our practice also includes retail funds and a wide range of alternative investments, including structured products, hedge funds, private equity funds and offshore real estate funds.
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Paul Lester
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