SMT The Brandtech Group29 Mar 2024 11:19
Brandtech Group valued now at just under $4bn after private placing this week. Don't know how big SMT shareholding % is, can't find it on Pitchbook, but the SMT investment valuation of gbp300m in Jan24 may well need a significant upgrade, can't imagine they have less then 20% as one of 2 round 1 investors. Serious candidate for an IPO in the next 18months, amazing growth rate and now with more ammunition for deals. A few more of these in the portfolio, surely why Elliott thinks the private portfolio is on the cusp of a significant upwards rating.