Kestrel exits its holding in Ashcourt Rowan generating an IRR of 34%

21 May 2015

Following completion of the takeover of Ashcourt Rowan by Towry Holdings Ltd in May 2015 for £120m, Kestrel announces that is has fully exited its holding in the Company.
The exit crystalises a profit of £6.3m for the Kestrel Opportunities fund yielding a return on invested capital of 2.3x and an IRR of 34%.
Kestrel first invested in Ashcourt Rowan in October 2010 and supported the company as it went through a period of substantial change.
Kestrel wishes Ashcourt Rowan every success under its new ownership.