CASTLETON (LSE:CTP)
- COMPANY VALUE AT STRATEGY START
- CURRENT MARKET CAP*
- MXC INVESTMENT QUANTUM
- MXC CURRENT VALUE*
- MONEY MULTIPLE*
- IRR*
- *As at 03 January 2017
Business Activity
A focused provider of software support, consultancy and managed services predominantly to the public sector.
Opportunity Identified
MXC identified a strategy to build a business focused on providing IT solutions to the social housing and care providing sector. MXC have targeted a buy and build of privately owned businesses to consolidate into a medium sized public company to compete with the traditional suppliers such as Capita and Civica.
MXC Role
- Defined the strategy
- Execute the buy and build activities
- Corner-stone fundraisings
- Responsible for assisting management run the company
Outcome
Having executed the strategy and delivered strong investment returns, MXC undertook a managed sell-down of its position during the course of 2018. MXC sold its finally holding in Castleton in August 2018.
