Gresham completes Flowtech Fluidpower exit in AIM listing

28

news_pipes2_lrgUK-based buyout house Gresham Private Equity has completed a full exit of its investment in Flowtech Fluidpower through its IPO on London’s AIM market.

The listing gave Flowtech a market cap of £40m, with Gresham making £100,001 through the sale of its 100,001 shares.

Gresham backed a management buyout of Flowtech in 2004.

The company provides fluid power products including pneumatics, hydraulics and industrial hose designs.

It had revenues of almost £35m last year, and an operating profit of £4.3m.

Copyright © 2014 AltAssets