Barclays to buy stake in JellyWorks

Howard Barclay, son of David Barclay, one of the Barclay brothers, has taken a stake in JellyWorks, the UK internet investment groups, reports the Financial Times.

He has bought 1.53% of JellyWorks for £3m and will join its board as non-executive director. JellyWorks has made a number of strategic investments but the deal to take a £21.5m stake in Value Management and Research (VMR) is its largest so far.
The Ellerman Corporation will also invest £6.5m in VMR which has funds of £244m under management.

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