The Enterprise Ventures Growth portfolio was launched in June 2009, having attracted a total investment of £15.5m from local authority pension funds and institutional investors.
The Fund invests between £500k and £1.5 million in the form of equity and equity-related funding to established profitable businesses to provide growth capital and fund mergers, acquisitions and management buy-outs.
In July 2015 the Fund successfully completed an exit through the secondary MBO of its 35% holding in IMC Worldwide Limited, generating an overall return of £4.2m, a money multiple of 4.2x and an IRR of 50%.
In October 2016, the Fund completed a further successful exit, with the sale of Barber of Sheffield, which represented a significant return on investment including an IRR of 44.5%
The remaining portfolio continues to mature with a number of investees performing strongly and reporting increased profitability.
Enterprise Venture’s Management Team are now progressing the launch of the second Growth fund, EVG II. For more details please contact Katy Horrocks.
For further details about two recent successful exits for the fund please visit the news section of the website.
IMC exit at 4.2x cost – 2015. Click here for details.
Barber of Sheffield exit at 4.2x cost – 2016. Click here for details