UK - Investec sees 45% IRR from Plastics Capital IPO

Investec Growth & Acquisition Finance has exited its minority shareholding in Plastics Capital generating an IRR of 45% on its three year holding period. Plastics Capital, a consolidator of niche plastics products manufacturers, floated on AIM yesterday with the intention of raising ТЃ16.2m at 100p per share. The listing price represented a market capitalisation of ТЃ26.9m. Octopus Private Equity also owns a stake in the company through its Eclipse VCTs and remains a shareholder in the newly listed entity.