Aberdeen Asset Managers Growth Capital has sold its interests in Mining Communications Ltd to a consortium of investors including Aspermont, an Australian publisher, and other existing executives and shareholders in Mining Communications. The sale has generated a cash return for Aberdeen clients of £1.95m, representing a 1.8x money return and an internal rate of return of 18%. The enterprise value of Mining Communications has grown from £1.9m to £3.8m since Aberdeen originally invested in 2003.
Allßequitz backing for the heart pump developer also comes from Beteiligungsmanagement Thüringen
Deal is VC's sixth investment from its Deep-tech Fund
GP is currently investing via its Partech Entrepreneur Fund III and Paris Saclay Seed Fund
Fund targets European companies with expansion and growth plans in the Chinese market