Octopus makes 2.5x money on AVM exit

Alcuin's investment was backed by mezzanine financing provided by Indigo Capital.

During the holding period, AVM made two strategic acquisitions, including Matrix Displays in July 2008 and AVE in October 2006.

The initial £2.65m investment in AVM was made via Octopus's Eclipse Venture Capital Trust funds.

Company
AVM is a British provider of communications solutions for the private and public sectors. Founded in 1990, the Twickenham-based business offers a range of services including conferences and audio visual services.

Since 2007, AVM has increased its turnover from £8m to £40m in the year leading up to June 2012 and has upped its number of staff from 75 to 200.

People
Jane Vinson was part of the Octopus ventures team that led the exit from the company. Edward Cook is CEO of AVM. Adrian Lurie, partner, led the deal on behalf of Alcuin Capital.

Advisers
Vendor – Livingstone Partners (Corporate finance).

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