PXN Group Forms from Par Equity and Praetura Ventures Merger

Deal News | Jun 19, 2025 | B Daily

PXN Group Forms from Par Equity and Praetura Ventures Merger

Par Equity and Praetura Ventures are merging to form PXN Group, a venture capital and investment firm with £670 million in assets under management. If approved by the Financial Conduct Authority, PXN Group aims to be the fastest-growing venture and investment firm outside of London and the South East. The combined firm will focus on supporting early-stage and scale-up companies across the North of England, Scotland, and Northern Ireland, offering equity investments from £200,000 to £8 million. Dave Foreman, founder of Praetura Ventures, will serve as the chief executive of PXN Group, and Paul Munn, founder of Par Equity, will be the executive chair. Both leaders emphasize the regional focus and the potential of Northern regions to produce globally significant companies.

Sectors

  • Venture Capital
  • Investment Management

Geography

  • United Kingdom – The merger focuses on supporting businesses across Northern England, Scotland, and Northern Ireland, regions within the United Kingdom.
  • Northern Ireland – PXN Group aims to invest in early-stage and scale-up companies across Northern Ireland, highlighting its regional focus.

Industry

  • Venture Capital – The merger of Par Equity and Praetura Ventures to form PXN Group is a significant event in the venture capital industry, with a focus on early-stage and scale-up investments.
  • Investment Management – The newly formed PXN Group will manage assets worth £670 million, positioning itself as a major player in the investment management sector outside of London and the South East.

Financials

  • £670 million – The total assets under management for the newly formed PXN Group.
  • £200,000 to £8 million – The range of equity investments PXN Group plans to offer to support early-stage and scale-up companies.

Participants

NameRoleTypeDescription
PXN GroupMerged EntityCompaniesThe new entity formed from the merger of Par Equity and Praetura Ventures.
Par EquityMerging CompanyCompaniesA venture capital firm involved in the merger to form PXN Group.
Praetura VenturesMerging CompanyCompaniesA venture capital firm involved in the merger to form PXN Group.
Dave ForemanCEO of PXN GroupPeopleFounder of Praetura Ventures and now Chief Executive of PXN Group.
Paul MunnExecutive Chair of PXN GroupPeopleFounder of Par Equity and now Executive Chair of PXN Group.
Financial Conduct AuthorityRegulatory BodyGovernmentRegulatory body that needs to approve the merger of Par Equity and Praetura Ventures to form PXN Group.