Marwyn Value Investors Sells Advanced Computer Software Stake For GBP25.4M

LONDON (Alliance News) - Marwyn Value Investors Ltd Thursday said it has sold its stake in healthcare software firm Advanced Computer Software Group PLC to a unnamed firm in a deal worth GBP25.4 million.

Marwyn said following a partial sale in March 2013, this final disposal has generated net aggregate proceeds of GBP25.4 million, of which GBP18.4 million is attributable to the company, delivering 5.9 times cash return in aggregate for Marwyn over the life of the investment.

The firm said this results in a gross internal rate of return of 31.3% in respect of the company's indirect investment in Advanced Computer Software.

Advances Software shares were trading at 84.75 pence Thursday afternoon, up 1.75 pence or 2.1%.

By Anthony Tshibangu; anthonytshibangu@alliancenews.com;

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Marwyn Val.