Angel CoFund Realises First Investment

 

The Angel CoFund, a fund that invests in high growth SMEs alongside angel groups across the UK, has realised its first investment by the sale of Nonlinear Dynamics, a Newcastle firm that develops specialist software for analysing proteins, to Waters Inc, one of largest companies in the analytical instruments industry, listed on the New York Stock Exchange and with a market cap of $8.85bn.

Nonlinear Dynamics was the Angel CoFund’s 7th investment, completing on 19 July 2012 - participating alongside a group of experienced angels investors from Yorkshire and the North East, with additional debt provided by FW Capital and support for the syndicate provided by Tiger Corporate Finance. The Angel CoFund acquired approximately 5% of the company, whilst also investing in a convertible loan.

Read the full press release on Fieldhouse Associates' website here