M&G invests £35 million in Oxford Nanopore Technologies

M&G plc today announces that it has participated in a private transaction totalling £195 million, investing £35 million in Oxford Nanopore Technologies (Oxford Nanopore). The company was founded in 2005 as a spin-out from the University of Oxford.

The investment has been made by M&G’s newly formed Catalyst team, who are investing up to £5 billion into privately-owned innovative enterprises working to create a more sustainable world. The mandate was awarded in February by the £143 billion Prudential With-Profits Fund, which invests the long-term savings of Prudential’s 5 million UK customers, which includes PruFund1.Get Deal News in your inbox every Monday

Jack Daniels, Chief Investment Officer, M&G plc, said:

“The technology developed by Oxford Nanopore is being used in a broad range of scientific research applications, including to further biomedical science, to characterise pathogens in microbiology and public health. This is an example of how institutional investors can play an important role in accelerating growth in companies that provide a wider benefit to society.”

Oxford Nanopore Technologies release

Oxford Nanopore raises new capital

Oxford, UK: Oxford Nanopore Technologies has raised £195 million in new capital in a private transaction.

£125 million of the investment comes from new investors Temasek, Wellington Management, M&G Investments and Nikon. In addition, existing shareholders invested £70 million.

The Company remains focused on its previously announced strategic plans.