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EIS Portfolio - Exited

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ADC Biotechnology

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ADC Biotechnology


ADC Biotechnology is developing new process technology to help drug developers meet conjugation process challenges in the testing and production of new antibody drug conjugate (ADC)-based anti cancer drugs. The technology signals faster, simpler and less costly development for an exciting new family of drugs.

With surging numbers of “second generation” drugs in development, tumour-selective ADCs are building a significant position in the oncology field – the fastest growing sector in healthcare.

ADC Bio’s technology aims to become a new paradigm in the way ADCs are developed and manufactured, increasing accessibility for patients by helping to contain ADC production complexity and cost. The patented Lock – Release technology results in fast, simple and robust conjugation processes, with the potential to eliminate several process steps whilst enhancing product quality.

ADC Bio brings knowledge, experience and technical differentiation to the rapid growth ADC sector and is an ideal partner for basic research, development, scale-up and commercialisation challenges.

Read more about ADC Biotechnology here

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Collagen Solutions

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Collagen Solutions


Collagen Solutions Plc (AIM:COS) is a global provider of medical grade collagen formulations and components for use in regenerative medicine, medical devices and in-vitro diagnostics.

Collagen Solutions Plc was established and admitted to the London Stock Exchange on the 2nd January 2014 when Collbio Limited acquired the assets of Collagen Solutions LLC and went through a simultaneous reverse takeover into Healthcare Investment Opportunities plc, which became Collagen Solutions Plc. On 10th December 2014, by way of reverse takeover, Collagen Solutions Plc, acquired Southern Lights Biomaterials based in New Zealand, being a logical strategic extension and complementary in nature to the Group’s existing business model.

Collagen Solutions provides customers with medical grade collagen products and development services to create collagen components from concept to clinical trial stage, including technology transfer and contract manufacturing.

Read more about Collagen Solutions here

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Foodpack

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Foodpack


Foodpack Limited (previously Kapak Foods) are a specialist food manufacturer servicing business-to-business, brand owners, retail and food service.

On a 9 acre site operating from an 80,000 sq.ft high care food factory facility Foodpack provides a wide range of plant and machinery capability against a wide and diverse food range. Their dedicated team of Food Technologists and Food Engineers are on hand to provide turnkey solutions to both large and small food & retail organisations offering quality and customer service excellence.

Foodpack, known then as Kapak Foods, was formed in 1999 and started contract packing in Wigan working for General Mills, Mars Confectionery, McCormick’s, HJ Heinz, RSPB, Jordan’s, Dailycer and Kellogg’s. They have a food industry trained workforce of around 130 permanent staff from Product Development, Procurement, Food & Packaging Technologists, through to Food Production professionals.

Foodpack produces and packs a wide range of foods from baking mixes, savoury meal kits, snack foods, breakfast cereal’s, sauces and dips, confectionery, beverages, energy drinks and food flavourings.

Seneca exited the Foodpack investment in November 2018.

Read more about Foodpack here

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FreeAgent

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FreeAgent


Headquartered in Edinburgh and with over 100 full-time employees, FreeAgent is a provider of cloud-based Software-as-a-Service (“SaaS”) accounting software solutions and mobile applications designed specifically for UK micro-businesses (sole traders and companies with fewer than 10 employees) and their accountants.

FreeAgent provides a mission critical and cost-effective solution used by these businesses. With its easy to use, intuitive software, FreeAgent’s offering significantly streamlines financial management, bringing together invoice and expense management to VAT and payroll.

Seneca returned 1.4x investment to investors in 2018.

Read more about FreeAgent here

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Gear4music

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Gear4music


Gear4music is one of the largest UK based online retailers of musical instruments and music equipment.

Operating from an office, showroom and distribution centre in York, Gear4music sells musical instruments and music equipment from brands including Fender, Yamaha and Gibson, alongside own brand products, to customers ranging from beginners to musical enthusiasts and professionals, in the UK and, more recently, into Europe.

Gear4music retails over 27,000 SKUs across all major categories of musical instruments and equipment, an increase of 65% during the last two financial years. The products are sourced from over 550 manufacturers, and range from kazoos costing less than £1, to digital pianos, drum kits and guitars costing thousands of pounds.

Having developed its own e-commerce platform, with multilingual, multi-currency and fully responsive design websites covering 19 countries, the company has rapidly expanded its database (which currently has details of more than 750,000 people) and continues to build its overseas presence.

Seneca participated in the June 2015 IPO of Gear4Music via the Seneca EIS Portfolio Service.

Seneca later exited the Gear4music investment in June 2018 with an overall return of 5.2x.

Find out more about Gear4Music here

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Kalibrate

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Kalibrate


Kalibrate Technologies Plc’s strategy and technology solutions empower fuel retailers around the globe to drive greater value on investment and achieve greater success on their own terms. Its proven software and analytics solutions draw on more than 20 years of strategic expertise and insight into the needs and opportunities of fuel retailers.

Kalibrate is a provider of software-based products, data analytic tools and consulting services to the global petroleum retail industry. Their technology products and services are centered on three core solution areas: pricing solutions, planning solutions and data solutions. Its pricing solutions are a complete fuel pricing system that provides its clients with historical price/volume, competitor data and tools to determine optimal wholesale and retail fuel pricing strategies. It delivers retail market and competitive data with retail network planning tools and analytics to support operational management and strategic capital investment decisions regarding retail operations and site acquisition and disposal.

The Seneca EIS portfolio service exited Kalibrate in August 2017, with profit being realised.

For more information visit kalibrate.com

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Mission Labs

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Mission Labs


Mission Labs is a provider of business phone solution CircleLoop and customer experience platform SmartAgent. Its digital and cloud-first approach provides businesses with next-generation unified communications and customer experience technology.

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Open Orphan

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Open Orphan


Open Orphan is a niche CRO pharmaceutical services company which is a world leader in the testing of vaccines and antivirals through the use of human challenge clinical trials. Open Orphan comprises two commercial specialist CRO services businesses; hVIVO and Venn Life Sciences and has offices in London, Dublin, Paris, and the Netherlands. Open Orphan is led by a management team with deep industry and financial experience. Open Orphan (ORPH) is quoted on both the AIM and Euronext Growth markets.

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OptiBiotix Health

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OptiBiotix Health


OptiBiotix (AIM:OPTI) was formed in March 2012 to develop compounds which modify the human microbiome – the collective genome of the microbes in the body – to prevent and manage human disease.

The aim of OptiBiotix is to discover and develop microbial strains, compounds and formulations which modulate the human microbiome and can be used as food ingredients, supplements or active compounds for the prevention and management of human metabolic diseases, examples of which include obesity, cholesterol and lipid distribution and diabetes.

OptiBiotix has established a pipeline of microbiome modulators that can impact on lipid and cholesterol management, energy harvest and appetite suppression. The development pipeline is fuelled by its proprietary OptiScreen® and OptiBiotic® platform technologies designed to identify metabolic pathways and compounds that impact on human physiology and bring potential health benefits. These platforms are applicable across a wider range of other human diseases.

The company has developed a portfolio of intellectual property in and around this field of research, consisting of patents, trademarks and novel microbial strains. Further intellectual property is expected to be developed or acquired as opportunities arise from existing and future research and development.

OptiBiotix has been working with leading international key opinion leaders and entered into a research agreement with the University of Reading on 18 September 2012 to generate novel microbiome modulating compounds using reverse enzyme synthesis. All intellectual property arising from this research is owned by OptiBiotix.

Seneca fully exited the initial OptiBiotix investment in 2018.

Find out more about Optibiotix here

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Peter Cox

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Peter Cox


Peter Cox Ltd is the UK market leader in damp proofing, waterproofing, timber preservation, wall stabilisation, and other specialist property treatments,with a network of regional branches across the country, with over 240 employed staff

The Seneca EIS portfolio service exited Peter Cox Ltd in March 2014, with profit being realised.

Read more about Peter Cox Ltd here

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Premier Technical Services Group

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Premier Technical Services Group


Premier Technical Services Group plc (“PTSG”) (AIM:PTSG) is the leading provider of façade access and fall arrest equipment services, electrical testing, high-level cleaning and specialist electrical and mechanical services in the UK.

Operating through four divisions; Access & Safety Ltd, Electrical Services Ltd, High Level Cleaning Ltd and Specialist M&E Ltd, PTSG supply highly-engineered industrial products and quality services with a substantial presence in a number of focused niche markets.

Headquartered in Castleford, West Yorkshire, PTSG employ more than 220 people across nine UK sites, servicing more than 100,000 buildings for more than 8,000 customers.

The Company offers design, installation and testing of electrical systems, and cleaning services. Whilst the group has expanded through acquisition, subsequent organic growth has accounted for approximately half of the increase in total revenues since the founding of the company in 2007. Cross selling of services into the respective customer bases of the separate divisions has also helped deliver growth.

February 2015 saw the Seneca EIS portfolio participate in the initial public offering of PTSG. The investment supports a market leader in attractive niche markets with a strong track record of growth. PTSG has a well established, industry leading operating model steered by a highly experienced and ambitious management team.

Seneca exited the PTSG investment in 2018.

Read more about PTSG here 

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WS Rothband

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WS Rothband


WS Rothband & Co Limited is a long established ISO accredited manufacturer of x-ray protection garments based in Haslingden, Lancashire. WS Rothband also markets a range of x-ray related digital equipment and accessories.

Seneca backed Paul Dixon in the acquisition of Lancashire-based WS Rothband & Co, a business established in 1860 that has been supplying the NHS for almost 70 years.

WS Rothband & Co has been at the forefront of the development and manufacture of protective equipment for radiology departments since the technology was first introduced to the NHS.

Rothband is synonymous with the best in quality, comfort, innovation and value for money Radiology Shielding. They are specialist manufacturers of Lead Aprons for use in Radiology environments. They have manufactured Lead Aprons for more than 100 years and their mission is to offer the very highest levels of Radiation Protection to clients across the UK and Ireland, Europe and the Middle East.

Seneca exited Rothband investment in December 2019.

You can read more here

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Yourgene Health plc

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Yourgene Health plc


Yourgene Health plc, formerly Premaitha, is a molecular diagnostics company employing next generation DNA analysis technology to develop molecular diagnostic products intended to have a major beneficial impact on human health.

Yourgene has developed tests for non-invasive prenatal screening (NIPT) and other applications. Yourgene’s flagship product, the IONA® test is the first non-invasive in vitro diagnostic CE marked product for prenatal screening enabling clinical laboratories to offer a regulated NIPT in-house.

The IONA® test estimates the risk of a fetus having Down’s syndrome or other serious genetic diseases. The IONA® test has a higher detection rate and lower false positive rate than existing screening tests, giving pregnant women, their families and their doctors greater confidence in the result and reducing the need for unnecessary invasive follow-up tests and the associated anxiety and stress.

The IONA® test is a complete diagnostic system that is simple and standardised, enabling Yourgene’s clinical laboratory customers to perform the test in their own facilities. This supports Yourgene’s strategy of accelerating the broad dissemination of NIPT tests to ensure that their benefits are available to pregnant women everywhere.

Read more about Yourgene Health here