Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in any Calculus EIS Fund, including the UK Creative Content EIS Fund.
An investment into a Calculus EIS Fund may only be made on the basis of reading in full the information set out in the relevant Information Memorandum.
When investing in the Fund, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS unless you can afford to lose some or all of your capital.
An EIS investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made by the Fund will be in unquoted companies, this may not be possible. Withdrawal within three years would lead to repayment of any tax reliefs received.
The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.
This site uses cookies as described in our Cookie Policy. By continuing to browse this site you are agreeing to our use of cookies.

The still images and clips of films and television programmes used on this website do not form part of the UK Creative Content EIS Fund, and their use should not be interpreted as examples of prior investments made by any of Calculus or Stargrove. The images are used to demonstrate well-known content produced historically by UK screen content companies.

I have read and understood this important information.

Once an Investee Company has established a successful track record, we will look to exit the investment at a time where we can realise maximum value on behalf of investors.

Calculus has experience of all possible exit methodologies for UK growth companies. The main exit routes are:

The demand for high-quality content has driven increased demand for content creation companies, particularly within the high-end TV production sector in the UK.

Content ownership has become vital, and this has created a very healthy M&A market for successful content creation companies.

This activity is driven by strategic imperatives as much as immediate financial returns, as the SVODs and broadcasters compete and the upper end of the content industry looks to consolidate. We believe this creates attractive exit opportunities for investors.

Television content producer M&A activity more than doubled between 2013 and 2017. In terms of number of deals, the UK had the most active M&A market from 2013 to 2017.

The market for production companies is deep and varied, increasing the exit opportunities available to investee companies. Alongside traditional private equity players, the range of buyers of, and equity investors in, UK content production companies include ITV, Freemantle Media, Sony, Sky, EOne, Channel 4, Endemol Shine, All3Media, NBC Universal and Vivendi/StudioCanal.

This type of activity is likely to continue, driving further competition in acquiring premium producers to secure content ownership and creating further exit opportunities for investors.