IP Group plots sale of tech stake portfolio to Lexham | Money News
An investment vehicle founded by one of Britain’s most prominent venture capitalists is in advanced talks to buy a portfolio of stakes in some of the country’s most promising technology companies. Sky News has learnt that Lexham Partners, which was established this year by Dominic Perks, is close to agreeing a deal to acquire shareholdings in companies including Paragraf, the graphene-based electronic device company, and Nexeon, a battery technology specialist, from London-listed IP Group. A person close to IP Group said a transaction could be agreed as soon as this week. Money latest: Drivers could save £50 on cover after compensation changes Lexham would acquire part of IP Group’s stakes in about ten companies, although IP would retain part of its existing shareholdings, the person added. Among the other companies included in the deal is said to be Istesso, which Mr Perks came close to taking public through a special purpose acquisition company in 2022. A sale would generate cash for IP Group, which has endured a period of difficult performance only partly offset by …