News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

Michael Spencer backs English winemaker’s £18.5m fundraising

Investment is the Nex Group chief and former Conservative Party treasurer's latest outside the finance sector

Michael Spencer backs English winemaker’s £18.5m fundraising
Photo: Photography: Micha Theiner

Nex Group chief executive Michael Spencer has been named as one of the main backers of an English winemaker, adding to a string of investments outside of his natural City base.

Chapel Down, which produces a range of wines, beers and spirits from its base in Kent, announced to the London Stock Exchange this morning that it had raised completed a fundraising of £18.53m through the issue of new shares.

WSJ Logo