UK - Aberdeen exits ABZ Group returning 3x money
Aberdeen Asset Managers Growth Capital has sold its interest in air conditioning company ABZ Group to Sovereign Oilfield Group Plc for ТЃ6m. The deal has generated returns of 3x its money for Aberdeen and an IRR of over 80%. Aberdeen invested ТЃ550,000 in ABZ in May 2005 to support the aquisition of Labtech Services Ltd.
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