British Private Equity & Venture Capital Association (BVCA)

The BVCA is delighted to welcome Touchstone Advisory Limited as the latest BVCA member. Founded in 2021, Touchstone Advisory is an independent UK firm offering a full range of valuation advisory services, including valuation advice for accounting, tax, litigation, and commercial purposes. The skilled team of valuation professionals supports private equity-backed businesses across all sectors, both domestically and internationally.   Touchstone Advisory is pioneering a new approach to valuation services, shaking off the constraints of traditional advisory businesses to embody a more innovative, culture-centric approach to professional services. The firm’s clients benefit from the technical capabilities and experience of larger professional services firms, balanced with the dedication and agility of an independent practice. Their collaboration with Andersen Global enables them to draw on local knowledge to advise clients on valuation issues globally.   Touchstone Advisory is also a certified B Corporation, demonstrating its commitment to using business as a force for good, addressing social and environmental challenges.   For more information, visit their website at https://lnkd.in/e8u3uUPb

The BVCA's new course Leveraged Buyouts (LBO) and Debt Modelling launches in October. This course will develop your understanding of debt modelling in the context of LBOs from a quantitative perspective, including the fundamentals behind LBOs and the processes involved in a successful deal. Covering the fundamentals of different #debt types, it will delve into financial instruments such as #equity and mezzanine structures and how these characteristics influence the overall deal structure. The course identifies key drivers and assumptions that underpin debt modelling, from operating cash flows to typical debt constraints and delves into the essential inputs needed to build robust models. Concluding with the analysis of the deal, using a value creation analysis at various exit valuations. For more information or to book your place: https://lnkd.in/ey_x23c7

📢 6 weeks to go until the #BVCASummit2024 📢 The BVCA's Summit is the first major UK #privatecapital industry gathering post-election, connecting the community with domestic and international investors.               The UK's largest private capital conference, supported by Aon, returns in September across two days and four new venues, bringing together private capital fund managers, institutional investors, pension funds and family offices. Refreshed for a new era, the Summit caters to a wide range of industry roles and will host four unique events: UK Pensions Summit | Landing Forty Two | 11 September 2024 Limited Partner Summit | Landing Forty Two | 11 September 2024 LP-GP Summit Dinner | Lancaster House | 11 September 2024 Summit Main Conference | Sancroft, St Paul's | 12 September 2024 Hear intelligence, debate and cutting-edge insights from 80+ speakers as we cover #sustainability, #diversity, #equity, #inclusion, changes #privateequity and #venturecapital firms are adopting to create value, alongside the current macro-economic and political environment following the UK general election. Book your place here: https://lnkd.in/dEHcfEb

📈 Demonstrating the local impact of private capital   Last Friday, the MP for Newcastle upon Tyne Central and West, Chi Onwurah, visited two local businesses in her constituency backed by BVCA members, to see the local value and impact of private capital investments in the area.   🕺💃First, Chi visited Dance City, the North East’s leading operator of a purpose-built dance studio, supporting a thriving dance ecology in the region, as a place where professional and aspiring dancers meet, learn and train.   🔊 Commenting on the visit, Chi said: “It was great to visit Dance City in the heart of Newcastle. Dance is a brilliant way to express creativity, keep fit, and most importantly have fun. They have fantastic studios, a lovely theatre, do valuable work in the community – including their café, co-created with refugees – and make a big economic contribution. It was interesting to hear how Northstar Ventures UK’ investment was supporting the company on its journey, alongside the funding received from Arts Council England.”   ⚗Following this, Chi visited Iksuda Therapeutics, a clinical-stage ADC (antibody-drug conjugates) drug development company with presence in both the UK and the US, founded in 2007 by a co-investment agreement between the University of Bath and the Life Science Investment team at BVCA member IP Group plc.    🔊 On the visit to Iksuda Therapeutics, Chi said: “It was fantastic to return to The Biosphere at the Newcastle Helix to meet the team at Iksuda and hear about their progress. They are one of the many brilliant companies making up our thriving life sciences sector here in the North East. With the support of IP Group, who jointly founded the company with the University of Bath, Iksuda have a bright future here in Newcastle working on new treatments that will save lives.”   The BVCA is continuing to facilitate visits by MPs to local businesses backed by members of the #privateequity and #venturecapital industry, helping bring the impact of the industry to life. To find out more about the BVCA’s ongoing MP Connect programme, or you have a portfolio company that would welcome a visit, please contact the BVCA’s Public Affairs team at [email protected].   #regionalinvestment #partnersforgrowth  

🚨 Private equity industry to consult on refreshing world-leading transparency and disclosure guidelines   Today marks the launch of the Private Equity Reporting Group (PERG) and BVCA’s consultation to refresh the Walker Guidelines for transparency and disclosure in private equity.   Unique to the UK, the Walker Guidelines demonstrate the private equity industry’s commitment to transparency. The refresh to the Walker Guidelines is designed to ensure relevant disclosures are in place as the #privateequity industry continues to grow both in scale and importance to the UK economy, with over £20bn invested in UK portfolio companies in 2023.   The consultation aims to achieve the following: ✔️ Review both the scope and requirements of the Walker Guidelines to ensure that original objectives are still being achieved - since its last refresh in 2022. 🎯 Introduce refreshed reporting requirements that continue to be comparable to those of the #FTSE250.   PERG and the BVCA are inviting comments from interested parties on options for updating the Guidelines. Consultation will run until 30th September and final amendments to the guidelines will be published alongside the annual reports in January 2025.   Learn more about the consultation here - https://lnkd.in/g3QPd2sy

📣 New research alert The UK boasts a dynamic #startup ecosystem, representing the leading hub for #venturecapital in Europe. 🚀 Barclays Eagle Labs’ new report highlights the resilience of UK #startups despite being impacted by challenging economic headwinds in 2022 and 2023. Key findings include:  📈 High-growth UK companies secured more deals in 2023 than in 2019 and 2020.  💰 Strong investment pipeline from crowdfunding and the Enterprise Investment Scheme (EIS).  👩💼👨💼 Increased support for all-female and mixed-gender founder teams, driven by initiatives like the Barclays Female Founders Accelerator. Independent Advisory Board (IAB) member and BVCA’s Head of Venture Capital, Chris Elphick, contributed to the report writing that the UK is well-positioned to excel in #ClimateTech, #AI, and #LifeSciences but needs proper frameworks to remain competitive. The government supports this through initiatives like the Digital Growth Grant (DGG) from the Department for Science, Innovation and Technology (DSIT) as well as the #MansionHouseCompact and related initiatives which can help drive greater levels of investment.  Read the full report here – https://lnkd.in/eFBxyxTi Find more information below on the Mansion House Compact and Investment Compact: Mansion House Compact - https://lnkd.in/euDd4BcT Investment Compact for Venture Capital and Growth Equity - https://lnkd.in/ej6j3D3K

The BVCA's distinguished Technical Policy Conference (TPC), previously known as Tax, Legal & Regulatory Conference returns this November. Led by the BVCA's technical committees, this flagship event will delve into the tangible effects of recent #legislative, #regulatory, #reporting, #sustainability and #taxation developments on the #privatecapital sector. Join us on 19 November as industry practitioners explore the most important technical developments shaping the private equity and venture capital industry today and gain critical insights to stay ahead in an ever-evolving industry landscape. For more information or to secure your place, click here: https://lnkd.in/e_hQN4Eh

📢 The BVCA’s new Impacting Investing for VC course, in collaboration with ImpactVC, is designed specifically for venture capitalists who are passionate about making a difference and launches on 17 October 2024.   📖 One of the key course contributors is Emily Trant, Chief Impact Officer at Wagestream. She is the operator of the fastest-growing financial wellness platform on how to drive commercial success through impact and brings together shareholders from policy, the public sector and the financial services sector.   🔎 Join us in October and gain valuable insights from Emily and other top industry experts, including leading #VCs and #LPs in the #impact space. Learn how to craft impact theses, evaluate and quantify impact risks and returns, integrate impact with commercial value, and measure and report on your impact achievements.   For more information about the course and to register visit this link: https://lnkd.in/eacg7rxm   For more information on ImpactVC, visit their website: https://impactvc.com/   #ImpactInvesting #VentureCapital #ImpactVC #SustainableInvesting #VCWorkshop

📢 Earlier this month, the BVCA North England Dinner took place in Manchester as part of our long-established National Dinner Series. Delivered in a refreshed and relaxed format on the night of the General Election, the dinner created a dynamic environment for #GPs, #LPs, financial institutions and professional services firms to engage with one another. The night also hosted an exclusive exit poll viewing and election discussion, led by BVCA's Chief Executive Michael Moore, a former MP and Secretary of the State for Scotland, and Amy Abbott, Director of Industry Development.   🏆 The Vision 2024: Leaders Driving Growth awards hosted the dinner, in association with Grant Thornton UK LLP and Santander, which aims to acknowledge the top business leaders within our members’ portfolio companies. The North England Dinner was held on 4 July at private equity-backed Gusto restaurant in Manchester, whereby we celebrated the winners Cocogreen, supported by Circularity Capital, DTM - Technology-led tyre management specialists and NRG Riverside, both supported by Palatine, Protein Works, supported by YFM Equity Partners and Wireless CCTV Ltd, supported by LDC.   📸 All photos from the evening can be found here: https://lnkd.in/gcYEZk5Y   🚨 Tickets for the Scotland Dinner on 13 November are limited. For more information and to secure your place, click here: https://lnkd.in/g4-ZiW6n

The cornerstone of the UK’s competitiveness as a business and #investment destination lies in its talent pool, and the BVCA has been calling for the new Government to cultivate and upskill this, to ensure businesses across sectors have access to the talent they need to grow. The BVCA’s own Manifesto for Growth outlines how the Government, and the new Skills England, can support and encourage a UK workforce for growth, notably: 💡 Identifying and addressing skills gaps while promoting education in STEM, data science, technology and entrepreneurship. 📚 More support for businesses to provide lifelong learning and training to employees. 👨🎓 Reforming the Apprenticeship Levy to fund training programmes like skills bootcamps. And so we welcome today’s launch of the new national institution Skills England, which will combine and devolve adult education budgets and replace the Apprenticeship Levy with a growth and skills levy. These measures will help to simplify and improve the skills system, ensuring the supply of skills needed to break down barriers to opportunity and drive economic growth. Read more here: https://lnkd.in/eqmiDcBS #privatecapital #privateequity #venturecapital