UK - Barclays Ventures generates 3.5x return on fire services exit

Barclays Ventures and management have sold SFS Fire Services Limited to UTC Fire & Security, a business unit of US-based United Technologies Corporation. Although the enterprise value of the company was not disclosed, the exit enabled Barclays Ventures to realise a 3.5x return on its original equity investment in less than 18 months and an IRR of over 140%.