Takeover of Sancus Holdings Limited ("Sancus") - Channel Islands P2P business.
The Elysium Group, as a founder shareholder in, and provider of services to, Sancus, is pleased to note the conditional sale of Sancus to GLI Finance Limited, an AIM traded company both investing in, and providing finance to a number of P2P platforms. Subject to, inter alia, shareholder consent, this transaction is expected to conclude in mid-December 2014. Ordinary shareholders achieved a return of 2.78 times their initial consideration in one year. Andrew Duquemin, Chairman of Elysium, is a director of Sancus.
Elysium has been involved in the Altfi sector for several years, having worked in early 2013 on the formative stages of P2P Global Investments Fund with Liberum, which launched on the London Stock Exchange in June 2014. More recently, in late 2013, the Elysium Group extended its interest in this sector by becoming founding shareholders in, and service providers to Sancus Holdings Limited, a P2P business based in the Channel Islands.