Kestrel exits its holding in FFastFill PLC generating an IRR of 52%

Following completion of the takeover of FFastFill Plc by Pattington Ltd, a member of the ION Group in April 2013 for £106m, Kestrel announces that is has fully exited its holding in the Company.
The exit crystalises a profit of £3.0m for the Kestrel Opportunities fund yielding a return on invested capital of 2.1x and an IRR of 52%.
Kestrel first invested in FFastFill in November 2009 and supported the company with the funding of two acquisitions and through a period of substantial organic growth. Kestrel wishes FFastFill every success under its new ownership.