UK - NVM achieves 6x return from sale of Barony

NVM backed the management buyout of Barony in 1999, investing £750,000 for an unratcheted significant minority stake in the company. Since that time the business has experienced healthy organic growth, particularly through the securing of major new contracts to supply the own brand products of both Tesco and Boots. Turnover has increased by 300%, with profit before tax forecast to reach over £1m this year.

JSE Arnest is the largest aerosol manufacturer in Russia and with this sale will increase its output from 200 million to 250 million units per year.

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