Our Deepbridge Renewable Energy Enterprise Investment Scheme (EIS) fund has announced an exit for its investors.
Deepbridge Renewable Energy Limited, a trading company within the EIS Fund which constructed and managed wind turbines in Northern Ireland, has been sold to a private buyer, providing a 1.146x return for investors, excluding tax reliefs available under the Enterprise Investment Scheme.
One of Deepbridge's Technology Growth EIS Companies, VoxSmart Ltd., has announced the acquisition of GreenKey Technologies Inc. to further bolster its communications surveillance offering to global financial institutions.
GreenKey Technologies Inc. is the industry-leading automated speech recognition ("ASR") and natural language processing ("NLP") provider.
Earlier this month Deepbridge Capital, in partnership with GBI Magazine undertook a research survey of financial advisors and paraplanners focused on the Enterprise Investment Scheme (EIS).
There is an increasing interest in using EIS funds as part of their planning and creating a balanced portfolio. Over 52% of respondents expect their use of EIS to increase over the next two years and 90% of advisers are considering EIS funds for their clients.
Royal Mail will begin working with one of Deepbridge's Technology Growth EIS Companies, ENSO Tyres Limited. To reduce emission, Royal Mail have decided to partner with manufacturer ENSO by using 'emission-reducing tyres for its electric vehicles.
