Investment in Marwyn Acquisition Company I Limited

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

LEI: 213800L5751QTTVEA774

Marwyn Value Investors Limited ("MVIL" or the "Company")

Investment in Marwyn Acquisition Company I Limited

The board of directors of MVIL is pleased to note that its investee company, Marwyn Acquisition Company I Limited ("MAC I"), to be renamed AdvancedAdvT Limited (expected to be effective on 23 March 2021), has today announced a fundraising to raise a total of £130 million in order to pursue its stated investment strategy of seeking mid-cap acquisition opportunities in the software sector.

MAC I was listed on the Main Market of the London Stock Exchange in December 2020, appointing Vin Murria OBE as Chairman on 31 December 2020. Marwyn previously partnered with Vin when she founded Advanced Computer Software Group plc and grew it from an initial £12 million platform acquisition in 2008 to being sold for an enterprise value of £750 million to Vista Equity Partners in 2015.

Following completion of the fundraising, MAC I's Board will consist of Vin Murria as Chairman and Karen Chandler and James Corsellis as non-executive directors. Gavin Hugill will join the Board as Chief Operating Officer on 12 April 2021. Further information on the new directors is included in the MAC I prospectus which is expected to be made available today on MAC I's website at www.marwynac1.com/investors/shareholder-documents.

Funds managed by Marwyn Asset Management Limited (the "Manager") have committed to invest £17.5 million in the MAC I fundraising, of which £13.4 million is attributable to the Ordinary shares of MVIL*. Following completion of the fundraising, the Ordinary shares of MVIL will have an interest in approximately 11.8% of MAC I's issued ordinary shares. Vin Murria has also committed to invest £17.5 million in the fundraising.

* £13.4 million represents 15.1% of the Ordinary share net asset value, measured at 26 February 2021, being the latest available NAV published by the Company.

James Corsellis, a director of the Manager, commented: "Marwyn's focus has always been to invest with exceptional business leaders such as Vin Murria. As our second such investment with Vin, and alongside a large number of high quality institutional co-investors, we are excited for the next step in our partnership."

Company enquiries:

Scott Danks / Louisa Bonney

Telephone: 07700 720303

Corporate Broker: 

Gillian Martin / Richard Bootle / Owen Matthews

Liberum Capital Limited

Telephone: 020 3100 2200

PR enquiries:

Alex Child-Villiers / Will Barker

Temple Bar Advisory Limited

Telephone: 07795 425580 / 07827 960151

Notes to editors:

Marwyn Value Investors Limited is a closed-ended investment company on the London Stock Exchange Specialist Fund Segment - a fully regulated market for professional, institutional and sophisticated investors. Marwyn's previous 11 comparable listed acquisition companies that have acquired platform businesses have gone on to make 83 subsequent transactions, delivering £4.8 billion in equity profits and an aggregate return to shareholders of 136 per cent. on invested capital as at 28 February 2021. 

For further information see www.marwynvalue.com. Neither the content of the Company's website, nor the content of MAC I's website, nor the content on any website accessible from hyperlinks on either of such websites for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.