Addleshaw Goddard's Corporate team has advised the shareholders and Directors of Enterprise Ventures (EV), a leading provider of finance for SME sized enterprises, on its sale to AIM listed Mercia Technologies plc.

Mercia, a technology focused investment company, will acquire the entire share capital of EV, which is owned by its senior management team and Chief Executive Jonathan Diggines.

The strategic acquisition of EV, which has a portfolio of over 150 equity investments, built utilising its access to third party funds, will significantly develop Mercia's strategy of becoming a national technology investment business with a local presence across the North, Midlands and Scotland.

The senior management team of EV will remain with the new enlarged business, including Chief Executive Jonathan Diggines who will joins Mercia Board as Director.

The AG team was lead by Paul Medlicott, who leads AG's Private Equity practice in the North West, supported by Jodie Marsden, Ashley Raine, Justine Delroy, Kyle Rainsford, Kate McGough and Michael Corbett.