Calculus nets 1.8x on Metropolitan Safe Deposits exit

The exit comes four and a half years after the GP first acquired a stake in the safe deposit company at 6.32 pence per share.

At exit, Calculus sold its entire shareholding to private investors at a price of 11 pence per share, resulting in a 1.81x cash-on-cash return. Including the tax relief available to investors as part of the EIS and VCT schemes, the return increases to as much as 2.58x.

Company
Headquartered in London, Metropolitan Safe Deposits is a provider of safe deposit services.

The company operates two vaults, in Knightsbridge and St John's Wood.

People
Calculus Capital – John Glencross (CEO).

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• Topics
• Exits
• UK / Ireland
• Consumer
• Calculus Capital
• VCT Rules