Foresight Group‘s Foresight 4 VCT “C Shares” entire shareholding in Hallmarq Veterinary Imaging Limited has been sold to Catamaran Ventures Limited and a number of existing shareholders. The sale represents a return of 1.6x for Foresight.
Foresight Group is pleased to announce the sale of Foresight 4 VCT “C Shares” entire shareholding in Hallmarq Veterinary Imaging Limited to Catamaran Ventures (UK) Limited and a number of existing shareholders for a consideration of £0.75 million .
The sale represents a return of 1.6x from the point that Foresight took over the mandate to manage this investment in 2011.
During the period of Foresight’s involvement at Hallmarq, the business successfully grew its revenue and EBITDA as a result of increasing the number of equine scanners installed worldwide as well as developing and deploying its first PetVet scanner for small animals such as dogs and cats in the UK.
For further information, please contact:
Ben Thompson: [email protected] / 01732 471855
Notes to editors:
About Foresight Group
Foresight Group is a leading infrastructure and private equity investment manager which has been managing investment funds on behalf of institutions and retail clients for 30 years.
Foresight has £1bn assets under management across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs) and Venture Capital Trusts (VCTs).
Foresight’s Private Equity team, comprised of ten investment professionals, invests between £1m and £5m in management buy-outs, management buy-ins and growth capital investments in UK SMEs.
Foresight manages the most successful VCT* ever, Foresight VCT, which has returned approximately £1.80 in dividends to its investors since launch in 1997. (*TaxEfficientReview.com)
About Catamaran Ventures (UK) Limited
Catamaran Ventures is a family investment office with operations in the UK and India.
Catamaran Ventures invests in growing SMEs in various industries including consumer goods and services, technology, healthcare and education.
Catamaran Ventures provides long term financial, strategic and operational support to management to help companies realise their potential.