Acted as sponsor on up to £20m fund raising by foresight

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Our Mergers & Acquisitions team acted as sponsor and financial adviser to Foresight Solar VCT plc on a £20m offer for subscription of a new share class for its Solar VCT. The issue was achieved in a very tight timescale in order to make full use of the tax breaks available to VCTs before the 2012/13 tax year end.  BDO acted as sponsor on the original launch of Foresight Solar VCT plc in 2010, which raised approximately £40m.The various Foresight VCT's are managed by Foresight Group LLP.           

“BDO showed a real understanding of what we were trying to achieve with the recent £20m offer by our Solar VCT which enabled us to maximise efficiencies and minimise the time required to bring the product to the market place. I would have no hesitation in widely recommending BDO's corporate finance team following this experience.”      

Gary Fraser, Partner, Foresight Group LLP