Ashridge scores 1,439% IRR on Marclay after four-month hold
Ashridge Capital has netted a 2.6x multiple by exiting UK-based cybersecurity firm Marclay just four months after investing, resulting in a 1,439% IRR.
The GP sold Marclay to US-based cybersecurity business BlueVoyant. According to Ashridge, Marclay received an unsolicited approach from BlueVoyant, which had learned of Marclay during a reference call for a prospective chairman. Marclay's management team will lead the resulting UK division.
Ashridge invested in Marclay in February this year, with the deal completing in March.
Company
Headquartered in central London, Marclay was founded by professionals with backgrounds in UK government and military intelligence, specifically in operations against the international threats emerging after 9/11. The company specialises in supporting businesses who have suffered a cyber-breach or similar security incident.
People
Ashridge Capital – David Sherratt (CEO).
Marclay – James Tamblin (managing partner).
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