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A Guernsey-registered investor is to step up its search for new opportunities after making and committing more than £65 million worth of investments in its last financial year.

Ingenious Media Active Capital, which raised £150 million through joining AIM in 2006 to back media and entertainment companies, made 13 investments in 11 businesses in the year to April 2008 and its board sees no reason to hold tight.

Acting chairman Mike Luckwell said the speed of change in the media sector, due to technology and regulation, shows no sign of slowing. “We see this as continuing to generate opportunities to invest, potentially at lower entry pricing as markets adjust to reflect the more challenging business environment.”

Ingenious will continue to target investments worth £2.5-£10 million as the board believes this area has growth potential and the opportunity for follow-on investment as the companies continue to expand.

“Existing media companies have an on-going need to acquire emerging new media businesses, so we remain of the view that media, specifically progressive media, is still a sector that can offer attractive deal flow and the potential for above average returns on successful realisation,” Luckwell added.

In the year to April 2008, Ingenious’ investments included Crystal Entertainment, Two Way Media, In2Games, Incisive Media, Sportbuzz and Whizz Kid Entertainment.

Since April the company has authorised £9.3 million of committed and invested funds in Qobliq and Review Centre, bringing its total invested to £95.1 million, including funds committed.

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