Intellectual property company Tekcapital seeking £6m listing

TEKCAPITAL, the Oxford-based firm that lets its clients invest in university-developed research and intellectual property, this morning announced its intention to list on London’s Alternative Investment Market (Aim) with an initial valuation of £6m.

The firm is hoping to raise £3m from the listing to increase its client base, currently seven firms use its services to search its database of intellectual property from 3,300 universities across 160 countries.

Tekcapital acts as an intermediary between its clients and the university or research institution, with a view to buying or licensing specific technology.

Tekcapital also has a further 18 firms with pending contracts currently considering its services.

Tekcapital said it estimates that around 20,000 technology intellectual property acquisitions were completed during 2012, so far the firm has completed 400 such transactions for its clients.

Tekcapital’s Aim listing is expected to start before the end of March.

Northland Capital Partners is acting as nominated adviser and joint broker to Tekcapital and Optiva Securities is acting as joint broker.