23 October 2017
Kestrel announces that is has fully exited its holding in Microgen on behalf of its client, the Kestrel Opportunities fund (“KOF”). The exit crystalises a £11.7m profit for KOF yielding a return on invested capital of 2.97x and an IRR of 145%. Having first invested in Microgen in October 2015, Kestrel supported the Company as it grew. Kestrel continues to believe that Microgen is an excellent business and wishes it success for the future.