Shareholders will recall that at the Extraordinary General Meeting on 16 April 2015 it was resolved, as part of the arrangements relating to Members' Voluntary Liquidation and the distribution of cash proceeds to shareholders, to appoint Peter Smaill and Raymond Maxwell as continuing Directors of the Trusts so as to oversee the process whereby the residual assets (following the special dividend paid on 15 May 2015) would be realised and the proceeds, at some future date, distributed.
Core Capital ("Core") has successfully exited its mezzanine investment in Camwatch, a leading pioneer in specialist CCTV monitoring, following the completion of the acquisition by trade buyer VPS Holdings Limited.
Core Capital Partners LLP ("Core"), the specialist private equity investor, announces today that it has sold its stake in Kelway Holdings, one of the UK’s leading IT services and solutions provider, through a management buyout supported by CDW. Core will receive £76 million in exchange for its 29% equity stake and other economic interests in Kelway.
Brasserie Bar Co, the owner of Raymond Blanc-inspired Brasserie Blanc and White Brasserie Company, has secured £13.5 million of new funding to support the expansion of the group by at least 20 new sites over the next three years...
Core Capital has sold its small investment in Augentius for a total return equivalent to 3.7x cost.
Core first invested in the MBO of Augentius in October 2006, since when it has grown to become the largest independent Private Equity and Real Estate Administrator in the world. At the time of exit, Augentius had 13 international offices, and was responsible for the administration of over 250 funds on behalf of more than 120 fund management groups located in 35 countries around the world.
ESO Capital, the provider of hybrid capital solutions to small and medium-sized companies, is acquiring Core Capital. The enlarged business will invest across the capital structure, providing flexible capital solutions ranging from senior debt to equity for lower and middle-market European companies. For further information, please see www.esocapital.com or visit the news page on www.core-cap.com