Lift Global Ventures plc, led by the well-known stock market commentator, CEO Zak Mir, begins its £1.7m raise this week.
The company, set to list on the Aquis Stock Exchange Growth Market (AQSE) in London, UK, in December, is an investor in the financial media and technology space. It intends to hunt in the back garden of the Directors’ experience which runs the gamut of service providers and investment houses on the stock market.
Financial media and technology are areas that have experienced strong conditions since the start of the pandemic, with online communication and trading platforms currently regarded as amongst the hottest spaces in the new economy. Even more noteworthy is the way that, despite recent volatility, those supplying the “picks and shovels” to the Gold Rush in this space, such as the Robinhood and Reddit brigade, have now become mainstream.
There is also the added boost the technology and media plays here can be strongly revenue-generating and scalable. An opportunity that adds to Lift’s attraction is the way that UK tech is still rated well below that of its US counterparts. Therefore, Lift can acquire UK businesses to later exit at Stateside valuations.
The pre-IPO round for Lift saw several high-profile investors from the City take part, not only underlining the rationale behind the venture but through their network allowing the company to be exceptionally well placed in terms of access to deal flow and hence, opportunity. Lift expects to be an aggregator, disruptor and consolidator in its chosen niche.
Investment Strategy :
Lift seeks to build a portfolio of complementary businesses operating within the financial media and related technology sectors, for example:
· Financial news websites and other forms of “new media”
· Investment research providers
· Financial PR, IR, design and marketing agencies
· Production studios and visual content providers
· Technology platforms which facilitate capital raising and/or lending
Lift’s Board aims to leverage its vast sector experience and extensive network of contacts to not only identify compelling acquisition and investment opportunities but also to advise and add value to portfolio companies on an ongoing basis.
Paul Gazzard, Non-Executive Chairman
Paul started working in the City of London in the early 1990s, initially in private banking asset management then with Panmure Gordon Asset Management for 8 years until August 2002. Over the next decade, he was involved with a number of AIM-listed companies, operating at the senior Executive level within each. Paul’s primary focus since 2012 has been founding and operating private companies in the Financial Services and Technology sectors. He has also been a non-Executive Director of Amur Minerals since 2016 and a non-Executive Director of Dukemount Capital since 2017.
Zak Mir, Chief Executive Officer
Zak’s career started in the City of London in the 1990s as a derivatives broker and markets strategist for the likes of Sucden and Union Cal, later part of Man Group. From the 2000s he entered financial journalism writing for Yahoo! Finance, The Investors Chronicle, Shares Magazine and Spectator Money. Zak is a well-known technical analyst and stock market commentator in the UK. He has published several books on his specialism, including a former number 1 on the Amazon UK Investing Bestsellers list. Zak has also amassed a Twitter following of over 20,000 people, who come to Zak for interviews and analysis of small cap companies.
Tim Daniel, Executive Director
Tim began his career at KPMG in Australia where he qualified as a Chartered Accountant. Upon moving to the UK in 2006, Tim worked as an Investment Analyst at a boutique hedge fund, ILEX Asset Management, focusing on European high-yield credit markets and later also receiving his CFA designation. From 2010, he gained almost 5 years of public company experience as the Chief Financial Officer of AIM-listed Equatorial Palm Oil Plc. More recently, he has worked as a FinTech Consultant with a focus on alternative lending platforms. He has been invited to speak on the UK’s R&D Tax Credit lending industry on several occasions, highlighting his credentials in this field.
For further information please contact:
Lift Global Ventures plc
Zak Mir, Chief Executive Officer (+44 7867 527659)
Novum Securities Limited, AQSE Corporate Adviser and Broker
David Coffman / Colin Rowbury (+44 207 399 9400)
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