Parkwalk: 4x Exit for Fund I

We are delighted to announce that the Parkwalk UK Tech Fund I has successfully exited from Xeros.

We invested in October 2010 at 33p per share (26.4p net of initial tax reliefs) and exited in a single block trade in September 2014 giving a 4x cash return for investors in Fund I (in under four years).

The exit has led to investors in the Parkwalk UK Tech Fund I receiving back, in cash, more than their original subscription into the Fund, with three other portfolio companies in the Fund still showing commercial potential.

Parkwalk still maintains a substantial holding in Xeros for various other Parkwalk Funds and Syndicates, and we remain confident that Xeros will continue to deliver exceptional growth over the coming years.