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Osprey returns almost 12x from first exit in Allium Capital sale

18 Feb 2013

osprey birdUK venture capital firm Osprey Capital has made a return of almost 12 times from its first exit by selling retail financial product advisory firm Allium Capital.

Osprey invested an unspecified amount into Allium four years ago, and has seen the company’s assets grow to more than £400m during its ownership.

Allium was one of the first investments made by Osprey, which was launched in 2008 by chairman Ronan Kearney.

He said, “Allium Capital was an excellent investment for Osprey Capital and has shown significant growth in the past four years.

“It is pleasing to see such a strong and substantial return for shareholders following this, our first sale.

“The company has also helped job creation with the generation of seven highly skilled posts.

“With two women as part of a management team of four, the company has ensured it can provide flexible, modern working conditions allowing talented individuals to be part of the firm’s success.

“Of course, such a return is welcome but more than that is the evidence it provides for our unique model.

“This is undoubtedly the way venture capital should be done and is how Osprey will continue to operate.”

Osprey aims to make investments in companies at the seed and founder stages, and only targets businesses focused on UK retail financials.

The firm claims to be unique in the UK as it was established as a limited company rather than limited liability partnership.

As such it only invests shareholder capital, with returns measured solely on a cash-to-cash basis rather than on notional values of underlying holdings.

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