Venture Capital Firm SparkLabs Group is to acquire a 10% holding in London based Smeck Capital subject to regulatory approval.
The Asian based venture capitalists are well known for investing into small specialist brands and helping them grow. SparkLabs have invested in 350 firms since it started trading in 2013. SparkLabs Group are a consortium of experienced angel investors.
Overseeing the deal is partner Sameer Chishty, who specialises in investment banking, having worked at Merrill Lynch and Standard Chartered Bank previously. He is also managing director of Asiapak Investments.
Smeck Capital is a small boutique investment firm which administers financial advice to corporations and private clients. The company offers specialist tax advice, corporate finance and access to exclusive investment vehicles.
What may be most interesting part of the deal for SparkLabs Group is that Smeck Capital oversees regulatory documents for corporate debt issues. This local knowledge of UK regulations would help SparkLabs fund a number of UK based companies to add to their large portfolio.
Whilst SparkLabs expertise in fintech could really help transform Smeck Capital's operating profit, which could result in future expansion.
It is expected that the will be approved shortly but is being slowed down due to governmental red tape.
Media Contact
Company Name: Smeck Capital Financial Services
Contact Person: Peter Morgan
Email: Send Email
Phone: +44 (0)20 3968 4805
Address:110 Bishopsgate
City: London EC2N 4AY
Country: United Kingdom
Website: https://www.smeckcapital.co.uk/sparklabs-acquires-a-10-holding-of-smeck-capital
