
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).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater