Albion Ventures has completed its takeover of two Spark venture capital trusts (VCTs), Financial Times reports. The firm’s shareholders agreed on the alteration of the investment strategy of Albion and the name change of the VCTs.

The Spark VCTs are now called Kings Arms Yard VCT 1 and Kings Arms Yard VCT. Albion will be able to rebalance the investment portfolios over time to invest in various asset backed business principally operating in the healthcare, environmental and leisure sectors alongside higher growth businesses across a variety of sectors.

Click here for the story from Financial Times.