Duke has announced a new £10.0m royalty investment into MRDB Holdings, trading as Miriad Products (Miriad), the largest privately-owned wholesale supplier of recreational vehicle (RV) parts in the UK. Following the recent addition of Capital Step, Miriad represents Duke's twelfth core holding, further diversifying the royalty portfolio. The deal continues the theme of investment into well-established UK businesses, with strong barriers to entry that help protect long-term royalty income.
19 Feb 2019
Cenkos: Duke Royalty Ltd - A myriad of royalties to come
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Cenkos: Duke Royalty Ltd - A myriad of royalties to come
Duke Capital Limited (DUKE:LON) | 31.2 0.1 0.8% | Mkt Cap: 129.8m
- Published:
19 Feb 2019 -
Author:
Cavendish Research -
Pages:
8
Duke has announced a new £10.0m royalty investment into MRDB Holdings, trading as Miriad Products (Miriad), the largest privately-owned wholesale supplier of recreational vehicle (RV) parts in the UK. Following the recent addition of Capital Step, Miriad represents Duke's twelfth core holding, further diversifying the royalty portfolio. The deal continues the theme of investment into well-established UK businesses, with strong barriers to entry that help protect long-term royalty income.