Gresham Plc HY2015 (Ex Spark Vent.)11 Dec 2015 13:21
" 3,492,065 ordinary shares in Castle Street Investments plc, representing 4.9% of Castle Street's issued share capital"
"Castle Street Investments is a cash shell with £21.9m of net assets comprised of £17.9m cash and £4.8m deferred consideration receivable, offset by provisions and payables relating to the wind down of the business. The company was originally an online dating business known as Cupid, which was sold"
"The main shareholders are well known deal-doers with a successful track record and are well known to GHAM. We took on the shareholding as an asset swap in the fund raising and are looking to support the management in their next acquisition"