UK - SEGF achieves 27% IRR from Hockway exit
The South East Growth Fund (SEGF) has wholly exited its stake in Hockway Ltd, a supplier of cathodic protection equipment, in a secondary management buyout for an undisclosed sum, realising an IRR of 27%.
SEGF invested in the company in October 2005, taking a minority stake in the business. Geoffrey Doyle led the exit on behalf of SEGF.
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