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Mercia Asset Management PLC said on Tuesday it completed a £20.1 million third-party investment round into nDreams Ltd.
The Warwickshire, England-based asset manager explained that, following this investment round, it now holds a 33% stake in nDreams which it values at £25.8 million.
Mercia added that this represented a £8.1 million increase from its carrying value at September 30. nDreams is a developer and publisher of virtual reality games.
The third-party investment came from Aonic AB, a Stockholm-based video game investor.
Shares in Mercia were up 7.1% at 33.75 pence on Tuesday mid-morning in London.
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