We would like to congratulate JB Equity on having successfully raised £10 million from The British Innovation Fund for Roslin Technologies Limited, the ground breaking joint venture they established.
The Agritech start-up is jointly owned by the University of Edinburgh, agriculture-focused private equity advisors JB Equity and The British Innovation Fund, a Milltrust International fund, with cornerstone commitment from The Royal County of Berkshire Pension Fund. MBM acted for JB Equity.
Roslin Technologies aims to commercialise the intellectual property and know-how of the University’s Roslin Institute and The Royal (Dick) School of Veterinary Studies, the UK’s leading vet school, revolutionising agricultural productivity on a global scale through ground-breaking science.
Based at University of Edinburgh’s Easter Bush Campus, the company takes advantage of facilities and infrastructure that has benefitted from more than £200m of investment over the past five years, making the campus the largest concentration of animal science in Europe.
Glen Illing, CEO of Roslin Technologies and partner in JB Equity said, “We are thrilled to welcome the British Innovation Fund as partner in our joint venture with the University of Edinburgh. There is incredible demand for innovations that address desperately needed productivity increases in agriculture. This investment allows us to deliver a technology pipeline that spans across The Roslin Institute’s core focus on food, environmental security and animal and human health.
Kenny Mumford, Head of MBM Corporate Team noted, “This was a great deal to be involved in. We get involved in lots of interesting projects but the potential long term benefit and global impact that could come from this fusion of capital and cutting edge science is genuinely exciting and MBM were glad to play a small part in making it happen.”
Kristian Bennetsen, Chairman of Roslin Technologies and partner in JB Equity said, “We are privileged and honored to work with the Roslin Institute and the University of Edinburgh to make Roslin Technologies a success. We are confident that the Roslin Institute will continuously be making groundbreaking innovations. Roslin Technologies will be instrumental in bridging and channeling this to the industry for maximizing the global impact.”