Since then we've completed another investment into a technology company: the £1.2m investment by IP Group plc into Dukosi Limited to accelerate the development and commercialisation of Dukosi's smart battery technology. The latest investment round follows £1m of investment received in late 2014 (on which we also advised) from existing shareholders, led by IP Group plc, with Par Equity and the Scottish Investment Bank. Dukosi's electronics and software control high performance battery systems for electric and hybrid cars as well as grid energy storage and renewables applications such as wind and solar farms. The system ensures the safe operation of large batteries, optimises their operational performance and maintains the durability of the battery cells over many years (even decades) and thousands of charge cycles.
We also have another three equity investments on the go at the moment; one on behalf of a client company and two on behalf of investment syndicates for whom we act, so I hope to be able to report on them in January. Those three investments are in addition to three company sales that are at different stages: we've exchanged contracts on one with completion in early January; we're currently at the stage of having agreed key commercial terms on another; the third is just in the process of being marketed for sale, but it certainly looks as though it's going to be busy both pre and post-Christmas. If you're contemplating any similar transactions please give me a call and I’d be delighted to meet for a chat (over coffee and mince pies, of course) about how we can make the process as smooth and risk-free as possible.
On a different note, we were delighted to host Midge Ure at our Quartermile office a week gone Friday. Midge was here wearing his Footdown hat, as Patron of the Scottish Footdown group (of which I'm a long-standing member) talking about how Footdown has been an important part of his life for a number of years now. It's the second time that Midge has been to our offices and it was as much of a pleasure this time as it was last time, in 2012. His 40 (plus) year musical career is still going strong and he left us to drive to Aberdeen for a charity fund-raising gig that evening, followed by a gig in Falkirk the next night, followed by a whistle-stop trip to Mexico City last week to play a couple of nights there. He's the man who co-wrote and produced ‘Do They Know It’s Christmas?’ (the fastest-selling single of all time in the UK and for which he won an Ivor Novello Award); who formed the charity supergroup Band Aid and co-organised the Live Aid and Live 8 concerts; who's had three UK number 1 hits, turned down an offer to be the lead singer of The Sex Pistols, toured the US as a member of Thin Lizzy, is the frontman of Ultravox, is still a Band Aid trustee after 30 years, an Ambassador for Save the Children, a Celebrity Master Chef finalist and holder of five honorary degrees. I'm exhausted just typing this list of Midge's achievements and yet he seems to take it all in his stride. We sent him on his way with a bottle of Irn Bru (in case he became snowbound on the A90 en route to his Aberdeen gig).
After all, what else do you give a Scotsman who has everything but is living in exile in England?