Final Chapter in Camwood Exit Success

Matrix Private Equity Partners LLP (“Matrix”) is pleased to announce the sale of portfolio company Camwood Limited (“Camwood”) to its management team. Camwood is an IT services business that specialises in application migration and portfolio management. It is a leader in its field of Application Intelligence.

Four years ago Camwood spun out App-DNA, a software toolset for application management which was then sold to Citrix in October 2011 for $92 million, generating a 32X return for Matrix advised VCT, The Income & Growth VCT plc.  Following that transaction, Matrix retained its original stake in Camwood. 

The sale back to management of the remaining Camwood business has generated a 3.8X return for Matrix. The combined exits have delivered total proceeds of over £18 million to Matrix advised VCT, The Income & Growth VCT plc over the life of its investment, against original investment costs of £1 million.

Guy Blackburn, the Matrix non-executive director of Camwood and App-DNA who managed both investments to exit, comments:

“Camwood has been an outstanding success. For a company to produce a 32X return for its investors from spinning out and selling another business is remarkable in its own right. For that original company to then add to that success by producing an additional 3.8X return is exceptional.  Matrix is privileged to have been part of the great Camwood success story and to have worked with the hugely talented management team who have innovated, driven their business forward and delivered such attractive returns for their investors.”

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Issued by Mobeus Equity Partners LLP, of 30 Haymarket, London SW1Y 4EX, registered in England & Wales number OC320577, authorised and regulated by the Financial Conduct Authority, number 456538. This material is for information only and does not constitute an offer to buy or sell an investment nor does it solicit any such invitation. The information contained in this email is believed to be accurate at the date of publication but no representation or warranty stated or implied is made or given by any person as to its accuracy or completeness and no responsibility or liability is accepted for any such information or opinion.

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