7th Dec 2015 10:49
LONDON (Alliance News) - The Income & Growth VCT, Mobeus Income & Growth VCT PLC, Mobeus Income & Growth 2 VCT PLC, and Mobeus Income & Growth 4 VCT PLC on Monday welcomed the sale of analytics, software and consulting services business Tessella Holdings Ltd to Altran Group.
The four Mobeus-advised VCTs received GBP15.8 million over the life of their investment in Tessella, against an original investment of GBP5.6 million. The investment was held for three and a half years.
The Income & Growth VCT realised a gain over cost of GBP2.7 million, equivalent to an uplift of 1.90 pence over the net asset value per share of 103.54p recorded on June 30.
Mobeus Income & Growth VCT realised a gain over cost of GBP2.6 million, equivalent to an uplift of 0.75p over the NAV per share of 93.90p on September 30.
Mobeus Income & Growth 2 VCT realised a gain over cost of GBP1.4 million, equivalent to an uplift of 0.85p over the NAV per share of 121.43p on September 30.
Mobeus Income & Growth 4 VCT PLC realised a gain over cost of GBP2.0 million, equivalent to an uplift of 0.89p over the NAV per share of 113.72p on September 30.
The VCTs retained a small investment in Preservica, a data archiving business previously held within Tessella.
By Samuel Agini; [email protected]; @samuelagini
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