23 October 2017
Kestrel announces that is has fully exited its holding in GB Group on behalf of its client, the Kestrel Opportunities fund (“KOF”). The exit crystalises a £16.1m profit for KOF yielding a return on invested capital of 3.7x and an IRR of 55%. Having first invested in GB Group in December 2010, Kestrel supported the company through several acquisitions and substantial organic growth. Kestrel continues to believe that GB Group is an excellent business and wishes it every success for the future.