Partial Realisation of investment in MPB Group Limited
The Company is pleased to announce the partial disposal of its equity investment in MPB Group Limited ( MPB ) on 31 March 2021, as part of a £49.8m primary and secondary funding round led by Vitruvian Capital Partners LLP ( Vitruvian ), which includes additional capital to fund MPB s further expansion. The Company has received net proceeds of £1.62 million from the partial sale (c. 25%) of its equity investment and generated a 7.8x return on the cost of the shares sold. These proceeds bring total proceeds received to date to 91% of the VCT s total amount invested in MPB.