Intuitive Investments Group Directors Signal Support for Acceler8 Ventures Takeover Bid

Shares in Intuitive Investments Group Plc advanced 12.5% to 193.5p following confirmation that independent directors are inclined to support a proposed all-share acquisition by Acceler8 Ventures. The transaction values the investment group at approximately £600 million and could facilitate a transition to the London Stock Exchange’s main market.

Under the terms of the proposed combination, shareholders of Intuitive Investments Group would retain approximately 99.01% ownership of the merged entity upon admission, whilst existing Acceler8 shareholders would hold the remaining 0.99% stake.

The investment group currently trades on the Specialist Fund Segment, a listing structure which the board has identified as constraining access to institutional capital. This limitation has contributed to a persistent discount to net asset value, a common challenge for vehicles operating within this segment of the market.

The board has argued that the proposed merger with Acceler8 Ventures would provide a more appropriate corporate structure to reflect the group’s operational focus through its Hui10 platform. This strategic rationale appears centred on enhancing visibility amongst a broader investor base and addressing the structural discount that has weighed on the shares.

Separately, Acceler8 Ventures is pursuing a capital raise of approximately £1 million through the issuance of 8% convertible loan notes. The proceeds are earmarked for working capital requirements as the transaction progresses.

The proposed transaction represents a notable development for shareholders who have endured the valuation constraints inherent to specialist segment listings. Whether the shift to a main market quotation will successfully narrow the discount to net asset value remains dependent on execution and broader market appetite for the combined entity.