Being part of an international network is key for an M&A advisory firm in “normal” times, but it is even more important nowadays, when a global pandemic hits the world.
HMT LLP advised on the £5.5 million funding round for Nano Interactive, an advertising technology business which specialises in intent targeting based on multiple signals including online search. Maven Capital Partners invested alongside existing investors to support the business’ growth.
The Government earlier this week announced the launch of the Future Fund, a new £250m funding scheme to support innovative companies facing financing difficulties following the COVID-19 outbreak.
Whilst we welcomed the introduction of the Coronavirus Business Interruption Loan Scheme (CBILS) to provide funding support to businesses during the COVID-19 crisis, we were concerned at the accessibility of the scheme for all SMEs requiring assistance.
Following strong criticism of a clear ‘gap’ in the emergency loan schemes provided by the Government for businesses suffering from the COVID-19 crisis, the Chancellor Rishi Sunak announced yesterday a new emergency loans package for larger businesses.
In response to the increasing impact of COVID-19 on the UK public and our economy, the Chancellor Rishi Sunak has unveiled a £350 billion fund to provide funding and to support businesses affected by the coronavirus crisis.