Osprey Capital makes 12x money on Allium sale
Osprey Capital has completed its first divestment, reaping an 11.9x multiple on the sale of British advisory firm Allium Capital.
Osprey acquired 34.15% of Allium for less than £5m in February 2009. It was the firm's first venture investment. Equity was sourced from Osprey Principal Capital Fund.
Company
Allium is a specialist advisory firm based in Swindon and London. The firm creates and markets financial products, such as M&A and MBO advisory and financial due diligence. It has £400m in assets under management and an annual turnover of £750,000.
Founded in January 2009, the company currently employs four people.
People
Osprey chairman Ronan Kearney became Allium's managing director as part of the investment. He will leave this position in Q3 2013.
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