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Income & Growth VCT sells Original Additions stake

By BFN News | 01:16 PM | Thursday 21 July, 2011


Income & Growth VCT has fully realised its investment in Amaldis (2008), the holding company for the Original Additions Group. Founded in 1978, Original Additions manufactures and distributes market leading beauty brands for the retail and professional markets in the UK and worldwide. The VCT's investment in Original Additions was sold to LDC, the mid-market private equity house that is a part of Lloyds Banking Group, for net proceeds of £2,338,000, including interest of £427,000 and £538,000 of loan stock issued by the acquirer. This realisation contributed to total proceeds of £4,204,000 to the company over the life of the investment, representing a 4.2 times return on the original investment of £1m. At 1:16pm: (LON:IGV) share price was 0p at 89.5p Story provided by StockMarketWire.com

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