Augmentum Fintech has sold its stake in Dext (fka Receiptbank) to private equity firm Hg for £10.5m, delivering a £3m gain on sale equating to a 30% IRR. This is Augmentum’s first exit. An additional €2m investment has been made into existing portfolio company Grover to support the continued roll out. The current Series B round implies a £3.2m uplift for Augmentum’s stake. Together, these gains represent c.4p/share in NAV terms. We see further value creation opportunity in Augmentum’s curated po ....
13 Apr 2021
Maiden exit with 30% IRR, investing in Grover
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Maiden exit with 30% IRR, investing in Grover
Augmentum Fintech PLC (AUGM:LON) | 0 0 (-1.1%) | Mkt Cap: 161.4m
- Published:
13 Apr 2021 -
Author:
Andrew Watson -
Pages:
3
Augmentum Fintech has sold its stake in Dext (fka Receiptbank) to private equity firm Hg for £10.5m, delivering a £3m gain on sale equating to a 30% IRR. This is Augmentum’s first exit. An additional €2m investment has been made into existing portfolio company Grover to support the continued roll out. The current Series B round implies a £3.2m uplift for Augmentum’s stake. Together, these gains represent c.4p/share in NAV terms. We see further value creation opportunity in Augmentum’s curated po ....