UK - Midven reaps 12x money on sale of ScriptSwitch

Midven's partial exit of ScriptSwitch last month, a provider of software products to Primary Care Trusts, generated a return of nearly 12 times for the investor, with an IRR of 67%. As reported on unquotenews.com , ISIS Equity Partners completed a £9.9m equity release transaction on May 24. The exit was the second from Midven's £20m Advantage Growth Fund, which invested in ScriptSwitch at incorporation in June 2003.