
Isis reaps 2.5x on WMS exit
Isis Equity Partners has sold Wales-based medical supplies company Williams Medical Supplies (WMS) to Irish business DCC for £45m.
Isis originally provided £10.5m to fund the management buyout of WMS in May 2007. The GP reaped a 2.5x return on investment and an IRR of 15% on the sale.
Since the GP's initial involvement, WMS has grown through the development of new products and services in response to the changing UK healthcare market.
In January 2014, Isis sold vending machines supplier Kafevend to Eden Springs, reaping a 2.5x multiple and an IRR of 13.8% for the Baronsmead VCTs.
Company
Founded in 1986, WMS is a provider of medical supplies to GP surgeries and primary care organisations. Based in Rhymney, Wales, the company also provides health and safety consultations, utilities supply and advice on infection control.
People
Hugh Hamer is the CEO of WMS. Mark Turner, a partner at Isis, held a seat on the company's board.
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