Close Growth Capital (CGC), the provider of combined equity and debt funding, announced today that it had sold its stake in Goodridge UK to the incumbent management team. CGC first invested in Goodridge in 2001 providing a sub £10m funding package. Goodridge UK has an annual turnover of £25m, an EBIT of £2m, and employs around 200 staff.
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Sale ends a six-year holding period for KCP, which backed the company with a £3.3m investment
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