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DIF firm Allium Capital sold by backers to mystery buyer

by Michelle Abrego on Feb 18, 2013 at 12:34

DIF firm Allium Capital sold by backers to mystery buyer

Distributor influenced fund firm Allium Capital has been sold by its seven shareholders to an unnamed firm.

Allium, which built Foster Denovo’s Sequel Investments proposition and SimplyBiz’s Verbatim range, has been sold off by its two major shareholders venture capital firm Osprey Capital and boutique investment bank Dexion Capital, and five smaller shareholders.

Allium’s managing director Ronan Kearney, who is also the chairman of Osprey Capital, will step down in the third quarter of 2013, when the name of buyer will also be revealed.

Osprey said it would make a 12-fold return on the investment it made in Allium four years ago as a result of the sale.

Kearney (pictured) said Allium had grown assets to over £400 million in four years.

‘Allium Capital was an excellent investment for Osprey Capital and has shown significant growth in the past four years,’ he said. ‘It is pleasing to see such a strong and substantial return for shareholders following this, our first sale.’

2 comments so far. Why not have your say?

Ric Green

Feb 18, 2013 at 13:41

Wonder if its anything to do with Caerus?

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Feb 18, 2013 at 14:43

Ric-Given that Caerus own 60.98% and Carby is the other director....

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