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.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater