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Connection Capital reaps 8x return from Advanced Electronics exit

16 May 2014

pound_sterling_170sqGrowth capital investor Connection Capital has exited its minority stake in fire systems maker Advanced Electronics to FTSE 250 constituent Halma.

The firm is expected to make a return of eight time from the sale, which valued the business at over £14m.

The company posted revenues of £14.6m in the fiscal year to end April.

Advanced Electronics’ main manufacturing facility is based in Newcastle with additional commercial offices in the UK, USA and Dubai.

Last November Connection Capital and Mobeus Equity Partners provided a combined debt and equity package to support the £15.9m management buy-out of specialist retailer Virgin Wines.

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