Portfolio company – Xeros – successful IPO

We are delighted to announce that Xeros, a Parkwalk portfolio company, successfully listed on AIM on the 25th March 2014.

Parkwalk first invested in October 2010, at 33.0p per share equivalent (26.4p net of initial tax relief), and the IPO price of 123p represents a 4.65x tax-free return for our investors in a little over three years. At this level, this exit alone would return more to investors than their entire subscription into the Parkwalk Fund I.

Meanwhile, another portfolio company, Horizon Discovery, is also listing on AIM later this week (as highlighted in the Daily Telegraph here) – this should also show a significant uplift for our investors.