Kin Capital Ltd (“Kin”) and Enterprise Investment Partners LLP (“EIP”) today announce the merger of their two businesses, subject to regulatory approval, creating a major new force in the venture capital and tax efficient investment markets
The stronger and larger firm is perfectly geared up to face the challenges of the next few years by streamlining investment processes in order to bring a modern tax efficient investing offering.
Investing will be easier, digitally focused and more cost effective by building an even more transparent offering to investors, who will have faster reporting services too.
Retaining the name Kin Capital, the merged entity will also offer a complete package of services to venture capital, private equity and property funds, including: sponsoring and promoting fundraises, investor relations and reporting, regulatory fund management, appointed representative, compliance and custodial services, resulting in cost savings for clients by reducing the need to use multiple different providers.
Christian Elmes and Richard Hoskins, co-founders of EIP and Kin respectively, will lead the new entity. Martin Sherwood will remain with the new business in a part-time capacity.
Commenting on the merger, Christian Elmes said: “We are very excited about our new combined entity and believe our offering will be one of the most comprehensive in the venture capital market.”
Having collectively raised circa £500 million, Kin Capital will offer market leading tax efficient products to investors and intermediaries, including the industry’s top leisure and hospitality EIS fund, Imbiba Leisure.
Richard Hoskins said: “Our two businesses fit together perfectly. We are committed to offering clients and advisers a full suite of services from fund set up to fundraise and investor reporting. We work with thousands of clients and some of the leading fund managers in the tax efficient space. With our tie up with EIP, we can offer a joined-up solution and a more efficient service for our clients.”
Christian Elmes, added, “This merger came about by recognising that we could make our clients’ lives simpler. On the one hand, venture capital firms face challenges in finding a ‘one stop shop’ for fund services. On the other, investors and advisors want to engage with a firm that can provide them with choice, transparency and quality, as well as fast and insightful reporting on their tax efficient investments.
We are already working to address these challenges and provide a robust, transparent and cost effective range of solutions for our investors and clients.”
In addition to the merger, Kin Capital will also become co-owner of Enterprise Incubator and Consultancy LLP (“EIC”) along with its Founding Partner, Joseph Lazaris.
Established in 2016, EIC is a dedicated compliance consulting business, helping financial services businesses comply with UK and EU financial services regulation.
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