Foresight-backed The Bunker completes recapitalisation

Following the recapitalisation, Foresight has retained a 31% equity holding in the company. Foresight's total loan investment of £3m has returned £5.13m to Foresight 2 VCT, Foresight 3 VCT and Foresight 4 VCT, representing a 1.8x return.

Previous investment
Foresight first invested in The Bunker in 2006. Since then, the company's revenues have increased seven-fold.

Company
The Bunker provides cloud infrastructure and storage devices to 200 companies. It operates from two former Ministry of Defence nuclear command and control bunkers in Ash, Kent and Greenham Common, Berkshire.

The company was established in 2004, employs 70 people and generates turnover of around £10m. 

People
David Hughes is chief investment officer of Foresight. Peregrine Newton is CEO of The Bunker.

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