UK - Graphite exits PIFC Group
Graphite Capital has realised its investment in PIFC Group, an employee benefits consultancy. The business has been acquired by Thinc Group Holdings Ltd, part of the AXA Group for an undisclosed sum. At the time of the sale, PIFC had reduced its pre-tax losses from £2.3m in 2005/6 to £1.1m in 2006/7 after Graphite undertook a capital restructuring of the company.
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