20 Nov 2023 07:00
Menhaden Resource Efficiency Plc - Portfolio UpdateMenhaden Resource Efficiency Plc - Portfolio Update
PR Newswire
LONDON, United Kingdom, November 20
20 November 2023
Menhaden Resource Efficiency PLC
(the “Company”)
LEI: 2138004NTCUZTHFWXS17
Portfolio Update
Following the completion of KKR's sale of its remaining 50% stake in X-Elio, the Company received a final distribution of USD 16.9 million. The investment delivered an aggregate return on invested capital of 2.15x in USD and 2.6x in GBP to the Company, and demonstrates the value of the Company’s ability to partner with leading global private equity firms.
The Company is actively evaluating new private equity opportunities. In the interim, the proceeds will be largely deployed in the existing public equity portfolio.
Frostrow Capital LLPCompany Secretary