Foresight Enterprise VCT sells software portfolio company for 15x return
- On June 8, 2022
- By GrowthInvest Marketing
Exit: Sale of portfolio company Codeplay Software to an undisclosed buyer delivers 15.7x cash-on-cash return for Foresight Enterprise VCT and other Foresight-managed funds
The Board of Foresight Enterprise VCT Plc (“FEVCT” or the “Company”) is pleased to announce the sale, subject to regulatory approval, of portfolio company Codeplay Software Limited (“Codeplay”) to a US corporate buyer on 31 May 2022. Codeplay is one of the UK’s leading providers of solutions for the semiconductor industry, accelerating the performance of computer chips that run Artificial Intelligence and other high-performance software.
GET IN TOUCH!
CALL US020 7071 3945
FOLLOW US ON
Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.