August 1, 2013
Oxygen Enterprise Partners (OEP), the region’s biggest investor in technology startups, has acquired Central England Business Angels (CEBA).
Founded in November 2007, CEBA is an angel investor network which has raised £4.5 million of investment for 40 companies to date. The acquisition marks OEP’s diversification into a broader sectoral base and will see CEBA branch into multiple regional syndicates from its current one.
CEBA founding partners Patricia Geraghty and David Clark will stay on as non-exec directors and the organisation will continue to trade under its current brand name.
Simon Jenner, CEO of Oxygen Enterprise Partners, said: “OEP has built a respected reputation in technology investment circles through our Launch48 and Oxygen Accelerator programmes. We have raised £1.4 million investment for technology start-ups over the last two years.
“This deal means we can look for investment opportunities from £50k to £500k within other sectors such as manufacturing, media, education and medical. We are not limiting ourselves to any one sector, so encourage companies with great businesses to get in touch no matter what their sector.”
Patricia Geraghty said: “This marriage will result in the most effective early-stage investment vehicle on the market. OEP brings a fresh, modern approach, whereas CEBA has a more traditional and mature business angel ethos. The deal with OEP will act as a significant catalyst, allowing us to grow to three times the size we are currently.
“There has never been a more attractive time to become an angel investor because of the significant personal tax advantages like the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS). It is an exciting opportunity for both SMEs seeking investment and investors looking for opportunities. Whether you are a SME looking for funding or a budding angel looking for your first investment, CEBA will be able to offer advice and support. It’s an incredibly exciting time.”